Public debt sustainability:Methodologies and debates in European institutions

Cláudia Braz, João Amador (), Lara Wemans, Maria Campos and Sharmin Sazedj

Working Papers from Banco de Portugal, Economics and Research Department

Abstract: Following the recent economic and financial crisis, public debt ratios increased considerably in most European Union countries, reaching historically high levels. Against this background, issues regarding the outlook for the debt ratio and the analysis of the sustainability of public finances in Member States became central in the economic policy analysis of European authorities. This Occasional Paper aims to address, in an integrated manner, the various aspects of the discussion on public debt sustainability, with a particular focus on the Portuguese case and on the constraints associated with the institutional and economic environment in the euro area. In this respect, the text approaches the concepts and methodologies used to assess sustainability, lists the existing assessment rules for euro area countries, presents its results for Portugal and refers to the main ongoing discussions on high debt levels.

JEL-codes: H60 H63 (search for similar items in EconPapers)
Date: 2016
New Economics Papers: this item is included in nep-eec and nep-pbe
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:ptu:wpaper:o201601

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