External publication
01 January 2022
Sovereign Debt Sustainability and Central Bank Credibility
This article surveys the literature on sovereign debt sustainability from its origins in the mid-1980s to the present, focusing on four debates.
Public debt
Showing 33-48 of 119 results
External publication
09 December 2021
EU borrowing—time to think of the generation after next
Financing post-pandemic recovery via EU borrowing has proved remarkably straightforward. So why keep it temporary?
Blog post
07 December 2021
The Global Gateway: a real step towards a stronger Europe in the world?
Disappointment at the lack of fresh cash from European Union global connectivity strategy is short-sighted: Europe supports global development more th
External publication
24 November 2021
The future of the stability and growth pact
Testimony given to a Tweede Kamer der Staten-Generaal roundtable discussion on the future of the stability and growth pact.
Policy brief
10 November 2021
Next Generation EU borrowing: a first assessment
What is new about NGEU is not just the increase in the EU’s borrowing power, but also the nature of the expenditure.
Opinion piece
22 October 2021
Can EU fiscal rules jump on the green bandwagon?
By and large, setting a new green golden rule would be a useful addition to the existing EU fiscal framework.
External publication
06 October 2021
A world recovery fund to overcome developing countries’ post-covid debt woes?
Proposal to set up a World Recovery Fund (WRF), aimed at addressing some of the key problems with the design of the DSSI and more generally the existi
Podcast
29 September 2021
A green fiscal pact
How can the European Union increase green public investment while consolidating budget deficits?
Policy brief
09 September 2021
A green fiscal pact: climate investment in times of budget consolidation
A fiscal exit strategy must be put in place when the EU is pursuing the major goal of cutting its emissions
Policy brief
08 July 2021
The risks from climate change to sovereign debt in Europe
European Union institutions and national fiscal authorities should incorporate climate risk in debt sustainability analysis.
Event
29 June 2021
EU debt vs national debts: friends or foes?
The EU will become into a major issuer of safe assets in the coming years. How will this interact with the debt issuance of European sovereign debts?
Blog post
29 April 2021
Setting Europe’s economic recovery in motion: a first look at national plans
Plans for spending European Union recovery funds submitted by the four largest EU countries reflect rather different priorities. So far, only Italy is
Event
27 April 2021
Sovereign ratings during crises: is this time different?
Why, despite the increase in public debt levels around the world have sovereign ratings been largely unaffected by the COVID-19 crisis?
Event
01 April 2021
The role of the ECB in stabilizing sovereign debt markets
What are the main lessons of ECB interventions in specific sovereign debt markets?
Blog post
09 December 2020
Thinking big: debt management considerations for the EU’s pandemic borrowing plan
If not handled correctly, the European Union’s transition to take on a new role as an issuer of public debt risks crowding out existing markets. Manag
Blog post
22 April 2020
EU debt as insurance against catastrophic events in the euro area: the key questions and some answers
European Union debt can provide comprehensive insurance against the COVID-19 pandemic and can enable a macroeconomic response, even though EU debt is