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Fiscal Sustainability in the G-7 Countries

In: Global Financial Crisis and Its Ramifications on Capital Markets

Author

Listed:
  • Ece H. Guleryuz

    (Istanbul 29 Mayis University)

Abstract

The main objective of this chapter is to assess the fiscal sustainability performance of the G-7 countries before, during, and after the global financial crisis. We examine the movement of various socio-economic and fiscal indicators before, during, and after the crisis period in the G-7 countries. We find that the trends of the key fiscal balance indicators clearly reflect the negative effects of the crisis in the G-7 countries. Furthermore, the ageing population and increases in public health expenditure produce an additional fiscal strain. However, Germany has been able to achieve a good financial performance compared with the other G-7 countries.

Suggested Citation

  • Ece H. Guleryuz, 2017. "Fiscal Sustainability in the G-7 Countries," Contributions to Economics, in: Ümit Hacioğlu & Hasan Dinçer (ed.), Global Financial Crisis and Its Ramifications on Capital Markets, pages 123-133, Springer.
    • Handle: RePEc:spr:conchp:978-3-319-47021-4_10
    DOI: 10.1007/978-3-319-47021-4_10
    as

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