Fiscal Policies in High Debt Euro-Area Countries By Antonella Cavallo
English | PDF,EPUB | 2017 (2018 Edition) | 185 Pages | ISBN : 3319702688 | 6.7 MB
This book explores the role of national fiscal policies in a selected group of Euro-area countries under the European Economic and Monetary Union (EMU). In particular, the authors characterize the response of output to fiscal consolidations and expansions in the small Euro-area open economies affected by high public and private debt. It is shown that the macroeconomic outcome of fiscal shocks is strongly related to debt levels.