Fiscal Sustainability of Eurozone Governments
An Empirical Review of the Past Decade
Bibliographic Data
| ID | 12968765 |
|---|---|
| Authors | Astrid Ayala (Universidad Francisco Marroquín, corresponding author), Szabolcs Blazsek (0000-0002-0394-1258, Universidad Francisco Marroquín) |
| Year | 2014 |
| Volume | 6 |
| Issue | 1 |
| Publication date | 2014-02-24 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Review of European Studies (JOURNAL) |
| Journal identifiers | ISSN: 1918-7173 • E-ISSN: 1918-7181 |
| Publisher | Canadian Center of Science and Education (PUBLISHER) |
| DOI | 10.5539/res.v6n1p143 |
| OpenAlex | W2000823867 |
| Language | EN |
| References cited | 12 |
We provide an empirical review of fiscal sustainability of Eurozone governments by using quarterly data on debt to Gross Domestic Product (GDP) and primary deficit to GDP over the period 1999 to 2010. We verify the conditions of fiscal sustainability, defined by the government’s present value borrowing constraint, by applying unit root tests that involve one, two, or multiple structural breaks. We select the best performing model of structural breaks and group Eurozone governments with respect to fiscal sustainability
Constraint (computer-aided design · Debt · Econometrics · Economics · Empirical evidence · Fiscal policy · Fiscal sustainability · Fiscal union · Government (linguistics · Government Debt · Gross domestic product · Macroeconomics · Monetary economics · Sustainability · Unit root · Fiscal Policies and Political Economy · Global Financial Crisis and Policies · Monetary Policy and Economic Impact
Time Series Analysis
Further evidence on breaking trend functions in macroeconomic variables
Estimating and Testing Linear Models with Multiple Structural Changes
The Great Crash, the Oil Price Shock, and the Unit Root Hypothesis
Distribution of the Estimators for Autoregressive Time Series With a Unit Root
Distribution of the Estimators for Autoregressive Time Series with a Unit Root
Further Evidence on the Great Crash, the Oil-Price Shock, and the Unit-Root Hypothesis
A Bayesian Time Series Model of Multiple Structural Changes in Level, Trend, and Variance
Minimum Lagrange Multiplier Unit Root Test with Two Structural Breaks
Multiple Trend Breaks and the Unit-Root Hypothesis
Financial, Monetary and Governance Crisis
The JCMS Annual Lecture
| Citation velocity | historical |
|---|---|
| Highly cited | No |