Speakers:
- Cinzia Alcidi (Senior Research Fellow and Head of Economic Policy Unit, CEPS)
- Daniel Gros (Director, CEPS)
Recording of the online seminar on 17 January 2019.
Seminar organised in cooperation with the Center for European Policy Studies (CEPS)
More information: [ Ссылка ]
Accurately assessing the sustainability of debt trajectories is crucial to map sovereign vulnerabilities, to ensure financial stability and to reduce decision-makers’ uncertainty. This is valid in normal times – as part of fiscal surveillance exercises that can lead to possible early warning signals – but becomes even more relevant in crisis times – as part of the assessment that precedes the provision of financial support (such as via the Outright Monetary Transactions programme for example). Debt Sustainability Analysis (DSA) is thus subject to the classic mix of rules and discretion
In this online seminar, held in cooperation with CEPS, Cinzia Alcidi (Senior Research Fellow and Head of Economic Policy Unit) and Daniel Gros (Director) will guide us through what constitutes state-of-the-art DSA. For this, they will elaborate on the approaches of both the International Monetary Fund and of the European Commission which they find to be complementary rather than alternative in nature. Alcidi and Gros’ presentation will include a deep-dive into two recent illustrative cases: Greece and Italy and will provide recommendations
