Europe’s Public Finances (Velculescu)

“Some Uncomfortable Arithmetic Regarding Europe’s Public Finances” by Delia Velculescu. The paper derives forward-looking fiscal measures of intertemporal net worth both directly from the European Commission’s Aging Working Group’s long-run indicators and using a comprehensive public-sector balance sheet approach to better gauge the state of public finances in the EU27 countries. Recommended by Isaias Coelho. http://migre.me/12QOb