Stabilization constraints from different-average public debt levels in a Monetary Union with country-size asymmetry
In the sequence of the recent financial and economic crisis, the recent public debt accumulation is expected to hamper considerably business cycle stabilization, by enlarging the budgetary consequences of the shocks. This paper analyses how the average level of public debt in a monetary union shapes...
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| Format: | conferenceObject |
| Language: | eng |
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2012
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| Online Access: | http://hdl.handle.net/10400.22/623 |
| Country: | Portugal |
| Oai: | oai:recipp.ipp.pt:10400.22/623 |