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Establishing a Fiscal Dialogue in Europe
In this contribution, I use the fiscal theory of the price level as a backdrop for a discussion on the risks that expansionary fiscal policies may pose on debt sustainability. I recall that a regime of fiscal dominance does not lead to macroeconomic instability. I also review a few empirical papers...
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| Formato: | Online Artículo Texto |
| Lenguaje: | English |
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Palgrave Macmillan UK
2021
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| Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7958595/ https://www.ncbi.nlm.nih.gov/pubmed/33746359 http://dx.doi.org/10.1057/s41294-021-00144-5 |