government investment, 103
Greece
deficit revisions in, 171
reliability of fiscal data, 183
gross government debt
implicit interest rates of, 48
growth dividend, 24, 25, 39
Hallerberg and Strauch, 101
Hamilton and Flavin, 20
Harvey and Trimbur, 186, 187
Harvey-Trimbur cycle, 186
Haveman, 70
Hercowitz and Strawczynski, 103
Hillier, 63
Hjelm, 129
HM Treasury, 61
Hodrick-Prescott filter, 123, 142, 186
IMF, 101, 126
Indicateurs de progrès de l’économie
française, 79
information asymmetry, 178
Institute of Economic Research
(WIFO), 106
interest expenditure, 23, 26, 48, 49
ratio to GDP of, 23
interest payment
in EU15, 47
intertemporal budget balance, 69
intertemporal budget constraint (IBC),
19
intertemporal marginal rate of
substitution, 20
Italy
deficit revisions in, 168
output gap estimates, 189
reliability of fiscal data, 183
Jaeger, 100
Japan
debt development in, 22
Kalman filter, 105, 186, 191
Kamps, 128
Katterl and Kohler-Toglhofer, 110
King and Rebelo, 129
King and Watson, 134
King et al., 133
Kneller et al., 129
Kotlikoff, 69
Kwiatkowski et al., 50
Lane, 103, 150, 151
Latin America
fiscal policy in, 101
life-cycle stage, 67
lifetime net payments, 64
lifetime net tax rate, 64
Linnemann and Schabert, 127
Lippi and Reichlin, 128
Lisbon Strategy, 119
long-term budgetary conditions
reporting of, 80
long-term fiscal indicator, 60
long-term sustainability, 11, 18, 63, 66,
80, 81, 95, 133
Lüder, 63
Luxembourg
reliability of fiscal data, 183
Maastricht criteria, 23, 38
Maastricht rules, 121, 135, 145
Maastricht Treaty, 19, 22, 39, 59, 99,
119, 182
Marcellino, 148
Mayes and Virén, 102, 103
McCallum, 56
medium-term objectives (MTOs), 11,
18
Mélitz, 103, 192
Milesi-Ferretti, 166, 172
Mitchell, 186, 190, 191
monetary union
objective of, 59
Mountford and Uhlig, 128
Musgrave and Musgrave, 56
National Institute Global Model, 199
Nelson and Plosser, 133
Netherlands
output gap estimates, 189
OECD, 35, 102, 104, 108, 109, 113,
123, 126, 131, 132, 146, 147, 152,
155
fiscal policies in, 102
output gaps, 142
old-age dependency ratio, 95
222
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