Is there any government debt threshold in four selected central European countries?

Abstract

This article shows that there is no government debt threshold in Hungary and Slovakia and that the respective government debt thresholds in Czechia and Poland are estimated to be 27.51% and 46.86%, which are far smaller than the 90% threshold suggested by Reinhart and Rogoff. Hence, the Reinhart-Rogoff threshold is not applicable to Czechia, Hungary, Poland and Slovakia.

Editorial: Yu Hsing: in memoriam

“…Yu worked diligently right up until the end of his life. In 2021, he published studies on government debt thresholds in Europe (Hsing, 2021a) and applications of the Mundell–Fleming model to Mexico (Hsing, 2021b) and Argentina (Hsing, 2021c). He maintained this research pace at the same time that he continued to edit the International Journal of Applied Economics and the Journal of International and Global Economic Studies , both of which he founded, and which highlighted research on international macroeconomic issues.…”