The question of what is a sustainable public debt is paramount in the macroeconomic
analysis of fiscal policy. This question is usually formulated as asking whether the …

We estimate the revenue implications of a destination-based cash-flow tax (DBCFT) for 80
countries. On a global average, DBCFT revenues under unchanged tax rates would remain …

We assess the sustainability of the current account (CA) balance, net international
investment position (NIIP) and net external debt (NED) in a sample of 22 EU countries using …

We develop a probabilistic approach to measure a country's external debt sustainability.
Using data on international investment position and balance of payments from the …

External imbalances played a pivotal role leading to the global financial crisis and were an
important cause of turmoil. While current account (flow) imbalances narrowed in the …

In this article, we provide a test of the sustainability of external imbalances in the OECD
countries over the period 1970 to 2007, ie, before the beginning of the international financial …

Cross-sectional evidence for 119 developing, emerging, and developed countries shows
over the last three decades that countries with an on average higher volatility of output …

Using parametric and non‐parametric estimation techniques, we analyze the sustainability
of the recently growing current account imbalances in the euro area and test whether the …

This study assesses the response of the trade balance to exchange rate fluctuations across
a large number of countries. Fixed-effects regressions are estimated for three country groups …

In this paper, we investigate the effect of balance of payments statistical leakages (Net errors
and omissions) on the external solvency of net foreign asset positions in the EU28 sample …