Regime-based debt sustainability analysis: Evidence from euro area economies

Climate change and economic growth: Evidence for European countries

“…In addition, it could be interesting to analyze whether there exist several regimes that are characterized by different relations between the temperature change and growth, as in the case of public debt policies (see e.g. Owusu et al, 2023). This is left for future research that could explore these issues further.…”

Re-evaluating sustainable sovereign debt: A theoretic and econometric evaluation of the suggested new EU fiscal rule

“…Concerning the parameters in the PSTR framework, while individual xed eects are normally eliminated via withintransformation, the model is estimated by nonlinear least squares, because of the nonlinearity introduced by the transition function. A detailed and technical presentation of the PSTR can be found in Gonzalez et al (2017) and Teräsvirta (1994Teräsvirta ( , 1998 (for the time series case) and in Owusu et al (2023) with an application of PSTR to study a scal reaction function, where the regimes depend on public debt to GDP ratios.…”