Fiscal austerity and monetary easing: which one is to be praised for ending the euro area crisis?
In this paper I have used a framework for the analysis of public debt stability that dates back to Domar, and I have extended it in order to consider, together with the role played by the interest rate, the rate of GDP growth and domestic fiscal policy, also monetary solidarity. A special role has b...
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Università Carlo Cattaneo LIUC
2018-06-01
|
| Series: | The European Journal of Comparative Economics |
| Subjects: | |
| Online Access: | http://ejce.liuc.it/18242979201801/182429792018150106.pdf |