Debt Sustainability Issues in the CEECs

Mardi | 2016-06-30
16h00-17h00 en Sully05

Andrea STOIAN – Bettina BöKEMEIER

The aim of this study is to investigate debt sustainability in ten Central and Eastern European countries over 1997-2013. Following Burger (2012), we calculate the stabilized debt using the estimates of a fiscal reaction function for a balanced panel with fixed effects. Comparing the stabilized, the effective debt ratios and the historical averages, we can assess debt sustainability in short and in long run