Early-warning indicators for debt sustainability
At this lunchtalk a new CPB report was discussed. The Policy Brief "Early-warning indicators for debt sustainability" develops a new, dynamic framework for the assessment of the sustainability of public finances in the medium and long term. This framework incorporates economic uncertainty as well as the estimated fiscal policy reactions for each individual country. The paper suggests the use of two indicators for fiscal sustainability, which are applied to nine OECD countries, showing that they clearly distinguish countries that have sustainability concerns (Italy, Spain, Portugal and Iceland) from those that do not (US, UK, Netherlands, Belgium and Germany).
Speakers
- Casper van Ewijk, CPB
- Jasper Lukkezen, CPB
- Discussant - Per Eckefeldt, DG ECFIN, European Commission
- Discussant - Katia Berti, DG ECFIN, European Commission
- Chair - Guntram Wolff, Bruegel
Event materials
- Policy Brief download
- Early-warning indicators for debt sustainability - presentation by Casper van Ewijk, Jasper Lukkezen, Hugo Rojas-Romagosa download
- Video
Practical details
Venue: Bruegel, Rue de la Charité 33, 1210 Brussels
Time: Tuesday 8 October 2013, 12:45 - 14:30
Contact: Matilda Sevón, Events Coordinator - matilda.sevon[at]bruegel.org
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