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Public Debt Determinants: A Time-Varying Analysis of Core and Peripheral Euro Area Countries

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  • Mario Di Serio

    (CELPE - CEnter for Labor and Political Economics, University of Salerno, Italy)

Abstract

This study employs a Bayesian Interacted Panel VAR model to estimate time-varying Generalized Forecast Error Variance Decomposition, analyzing how key determinants affect debt in Core and Peripheral Euro Area countries. Results highlight varying effects of determinants across periods and subgroups.

Suggested Citation

  • Mario Di Serio, 2024. "Public Debt Determinants: A Time-Varying Analysis of Core and Peripheral Euro Area Countries," CELPE Discussion Papers 167, CELPE - CEnter for Labor and Political Economics, University of Salerno, Italy.
    • Handle: RePEc:sal:celpdp:0167
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    References listed on IDEAS

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    JEL classification:

    • C11 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Bayesian Analysis: General
    • C30 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - General
    • H60 - Public Economics - - National Budget, Deficit, and Debt - - - General

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