https://www.scipedia.com/wd/index.php?action=history&feed=atom&title=Mussons_Olivellla_2017aMussons Olivellla 2017a - Revision history2026-04-14T22:33:05ZRevision history for this page on the wikiMediaWiki 1.27.0-wmf.10https://www.scipedia.com/wd/index.php?title=Mussons_Olivellla_2017a&diff=68191&oldid=prevDanielquer: Danielquer moved page Review Mussons Olivellla 2017a to Mussons Olivellla 2017a2017-11-09T10:41:51Z<p>Danielquer moved page <a href="/public/Review_Mussons_Olivellla_2017a" class="mw-redirect" title="Review Mussons Olivellla 2017a">Review Mussons Olivellla 2017a</a> to <a href="/public/Mussons_Olivellla_2017a" title="Mussons Olivellla 2017a">Mussons Olivellla 2017a</a></p>
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</td></tr></table>Danielquerhttps://www.scipedia.com/wd/index.php?title=Mussons_Olivellla_2017a&diff=67174&oldid=prevJmmussons: Jmmussons moved page Draft Mussons Olivellla 991180798 to Review Mussons Olivellla 2017a2017-10-25T10:13:43Z<p>Jmmussons moved page <a href="/public/Draft_Mussons_Olivellla_991180798" class="mw-redirect" title="Draft Mussons Olivellla 991180798">Draft Mussons Olivellla 991180798</a> to <a href="/public/Review_Mussons_Olivellla_2017a" class="mw-redirect" title="Review Mussons Olivellla 2017a">Review Mussons Olivellla 2017a</a></p>
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</td></tr></table>Jmmussonshttps://www.scipedia.com/wd/index.php?title=Mussons_Olivellla_2017a&diff=67173&oldid=prevJmmussons: Created page with "== Abstract == <p>The present analysis addresses the primary balance response to the debt of the Spanish Autonomous Communities (ACs) from 1987 to 2015. Overall, the results..."2017-10-25T10:13:43Z<p>Created page with "== Abstract == <p>The present analysis addresses the primary balance response to the debt of the Spanish Autonomous Communities (ACs) from 1987 to 2015. Overall, the results..."</p>
<p><b>New page</b></p><div>== Abstract ==<br />
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<p>The present analysis addresses the primary balance response to the debt of the Spanish Autonomous Communities (ACs) from 1987 to 2015. Overall, the results of this study provide evidence on a nonlinear relationship, which point to a situation of fiscal fatigue and reduced fiscal space. The empirical framework builds mainly on the works of Bohn (1998) and Gosh <em>et al.</em> (2013), thereby focusing also on uncertainty issues. In 2015 the debt ratio stood at 26.8% of ACs&rsquo; Gross Value Added, slightly above our estimates for the lower limit (24%) and well below the upper limit (36%). These results have a backward-looking orientation, that is, fiscal reaction for the coming years is not necessarily determined by past behaviour. That being said, a reduced fiscal space of ACs calls for measures to ensure a sustainable debt trajectory and regain some room to deal with potential negative shocks.</p></div>Jmmussons