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Fiscal consolidation, public debt and output dynamics in the euro area : lessons from a simple model with time-varying fiscal multipliers
Blot, Christophe, (2014)
Back to fiscal consolidation in Europe and its dual tradeoff : now of later, through spending cuts or tax hikes Abstract : The European consolidation process has raised a few questions. The most frequent one has been how large are the costs of consolidation and has the Eurozone fiscal stance improved or achieved debt sustainability? Second, do these costs and sustainability depend on the ...
Blot, Christophe, (2015)
Sovereign debt spread and default in a model with self-fulfilling prophecies ans asymmetric information Abstract : The outbreak of the Greek crisis has revived the literature on the sovereign debt spreads. Recent evidence has shed new lights on the main determinants of interest rates spreads. The sharp increase of government bond yields cannot be entirely attributed tochanges in macroeconomic ...