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Real-Time Detection of Hidden Fiscal Unsustainability in the EU

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  • MATSUOKA, Hideaki
  • 松岡, 秀明

Abstract

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Suggested Citation

  • MATSUOKA, Hideaki & 松岡, 秀明, 2024. "Real-Time Detection of Hidden Fiscal Unsustainability in the EU," Discussion Papers 2024-02, Graduate School of Economics, Hitotsubashi University.
    • Handle: RePEc:hit:econdp:2024-02
    Note: First Version : June 2024; Last revised : October 2024
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    File URL: https://hermes-ir.lib.hit-u.ac.jp/hermes/ir/re/84154/070econDP24-02.pdf
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    References listed on IDEAS

    as
    1. Mauro, Paolo & Romeu, Rafael & Binder, Ariel & Zaman, Asad, 2015. "A modern history of fiscal prudence and profligacy," Journal of Monetary Economics, Elsevier, vol. 76(C), pages 55-70.
    2. Bernoth, Kerstin & Hughes Hallett, Andrew & Lewis, John, 2015. "The Cyclicality Of Automatic And Discretionary Fiscal Policy: What Can Real-Time Data Tell Us?," Macroeconomic Dynamics, Cambridge University Press, vol. 19(1), pages 221-243, January.
    3. Jeffrey M Wooldridge, 2010. "Econometric Analysis of Cross Section and Panel Data," MIT Press Books, The MIT Press, edition 2, volume 1, number 0262232588, December.
    4. Bohn, Henning, 2007. "Are stationarity and cointegration restrictions really necessary for the intertemporal budget constraint?," Journal of Monetary Economics, Elsevier, vol. 54(7), pages 1837-1847, October.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Real-time data; Fiscal Reaction Function; Heterogeneous Panel Regression Kink with an unknown threshold;
    All these keywords.

    JEL classification:

    • E43 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Interest Rates: Determination, Term Structure, and Effects
    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt

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