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Assessing nonlinearities and heterogeneity in debt sustainability analysis: a panel spline approach

This paper empirically studies public debt sustainability with the penalized panel splines approach for 25 EU economies from 2000 to 2019 by estimating the response of the primary surplus to lagged debt relative to GDP, respectively. A positive coefficient on average indicates sustainable policies,...

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Detalles Bibliográficos
Autores principales: Owusu, Benjamin, Bökemeier, Bettina, Greiner, Alfred
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Springer Berlin Heidelberg 2022
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9374487/
https://www.ncbi.nlm.nih.gov/pubmed/35991965
http://dx.doi.org/10.1007/s00181-022-02284-8