Can Severe Fiscal Contractions Be Expansionary? Tales of two Small European Countries

Giavazzi, Francesco ; Pagano, Marco (1990) Can Severe Fiscal Contractions Be Expansionary? Tales of two Small European Countries. Bologna: Dipartimento di Scienze economiche DSE, p. 61. DOI 10.6092/unibo/amsacta/5276. In: Quaderni - Working Paper DSE (89). ISSN 2282-6483.
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Abstract

In most European countries, the high real interest rates of the early 1980s combined with the large stock of public debt inherited from the 1970s to create a potentially explosive debt problem.

Abstract
Document type
Monograph (Working Paper)
Creators
CreatorsAffiliationORCID
Giavazzi, Francesco
Pagano, Marco
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ISSN
2282-6483
DOI
Deposit date
01 Jul 2016 08:23
Last modified
01 Jul 2016 08:23
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