How Sustainable Are Public Debt Levels in Emerging Europe

@inproceedings{Eller2012HowSA,
  title={How Sustainable Are Public Debt Levels in Emerging Europe},
  author={Markus Eller and Jarmila Urvov{\'a}},
  year={2012}
}
1 Motivation and Background In the face of the ongoing sovereign debt crisis in Europe, the sustainability of public finances has recently taken center stage in economics. The rapid buildup of government debt in an environment of financial instability and low growth has increased the need for a reliable and comprehensive assessment of government debt sustainability. This does not only hold for euro area countries, which are clearly the focus of today’s policy discussion, but also for countries… CONTINUE READING

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