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On the Sustainability Area as a Simplifying Didactic Device

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  • Harck, Soren

Abstract

Recently, the sustainability area of public finance has been launched as a simplifying screening device for the analysis of fiscal sustainability. In this comment, it is argued that the novel notion of the sustainability area (reflecting, in turn, a simple notion of public debt sustainability) does not, by itself, have any bearing on the sustainability of public finances: being positioned within the sustainability area cannot serve as a reasonable criterion of fiscal sustainability. Copyright 2000 by Oxford University Press.

Suggested Citation

  • Harck, Soren, 2000. "On the Sustainability Area as a Simplifying Didactic Device," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 24(4), pages 505-509, July.
    • Handle: RePEc:oup:cambje:v:24:y:2000:i:4:p:505-09
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    Cited by:

    1. Bodo HERZOG, 2010. "European Monetary Union and Fiscal Policy Sustainability," EcoMod2004 330600067, EcoMod.
    2. Mauro Visaggio, 2004. "Does Stability and Growth Pact Provide an Adequate and Consistent Fiscal Rule?," Macroeconomics 0407008, University Library of Munich, Germany.
    3. Mariolis, Theodore & Papoulis, Κostas, 2010. "Δυναμική Του Δημοσίου Χρέους, Οικονομική Πολιτική Και Κοινωνική Συνοχή Στην Ελλάδα: Μία Σημείωση [Public debt dynamics, economic policy and social cohesion in Greece: a note]," MPRA Paper 28551, University Library of Munich, Germany.
    4. Mariolis, Theodore & Papoulis, Κostas, 2010. "Δυναμική Του Χρέους, ‘Δίδυμα Ελλείμματα’ Και Διεθνής Ανταγωνιστικότητα Της Ελληνικής Οικονομίας [Debt dynamics, ‘twin deficits’ and international competitiveness of the Greek economy]," MPRA Paper 23173, University Library of Munich, Germany.
    5. Mauro VISAGGIO, 2010. "Does the Growth and Stability Pact Provide an Adequate and Consistent Fiscal Rule?," EcoMod2004 330600154, EcoMod.

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