Fiscal Sustainability in the G-7 Countries

Ece H. Guleryuz

A chapter in Global Financial Crisis and Its Ramifications on Capital Markets, 2017, pp 123-133 from Springer

Abstract: Abstract The main objective of this chapter is to assess the fiscal sustainability performance of the G-7 countries before, during, and after the global financial crisis. We examine the movement of various socio-economic and fiscal indicators before, during, and after the crisis period in the G-7 countries. We find that the trends of the key fiscal balance indicators clearly reflect the negative effects of the crisis in the G-7 countries. Furthermore, the ageing population and increases in public health expenditure produce an additional fiscal strain. However, Germany has been able to achieve a good financial performance compared with the other G-7 countries.

Keywords: Global Financial Crisis; Military Expenditure; Current Account Surplus; Public Health Expenditure; Fiscal Sustainability (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:spr:conchp:978-3-319-47021-4_10

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DOI: 10.1007/978-3-319-47021-4_10

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