The sustainability of fiscal deficits has been receiving increasing attention. The issue is
paramount for the newly formed euro area, and that is one of the motivations of this paper. In …

This paper presents and critically discusses the origins and causes of the Greek fiscal crisis
and its implications for the euro currency as well as the SEE economies. In the aftermath of …

In this paper, we propose a test to investigate the null of cointegration allowing for structural
breaks of unknown form in deterministic trend by using the Fourier form. The test is …

This paper examines the sustainability of the current account imbalance for four ASEAN
countries (Indonesia, Malaysia, the Philippines, and Thailand) over the 1961–1999 period …

In this paper, we re-examine the long-run sustainability of budget deficits, when fiscal policy
is conducted as a non-linear process. Our empirical methodology makes use of recent …

We assess the sustainability of public finances in OECD countries, over the period 1970-
2010, using unit root and cointegration analysis, both country and panel based, controlling …

Corsetti and Roubini [Corsetti, G., Roubini, N., 1991. Fiscal deficits, public debt and
government solvency: Evidence from OECD countries. Journal of Japanese and …

Whether or not a government deficit is sustainable has important implications for policy. If the
debt of a nation is sustainable, then it implies that the government should have no incentive …

The paper examines the solvency of Turkey regarding its external debts. Recent economic
crises Turkey faced in last decade raised concerns on the issue of external debt …

Bütçe açıklarının sürdürülebilirliği, birçok ülke için, en önemli makroekonomik sorunlardan
biridir. Yunanistan, İtalya, İspanya, Portekiz ve İrlanda ekonomilerinin sarsılmasının temel …