“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…

Isaias Coelho indicated the working paper, Some uncomfortable arithmetic regarding Europe’s public finances by Delia Velculescu. The paper proposes alternative forward-looking indicators that measure the public sector’s net worth for EU countries in an intertemporal perspective. Current estimates indicate…