Bajo-Rubio, Oscar; Díaz-Roldán, Carmen; Esteve, Vicente - Departament d'Estructura Econòmica, Facultad de Economía - 2014
In this paper, we provide a test of the sustainability of the Spanish government deficit over the period 1850-2000, emphasizing the role played by monetary and fiscaldominance in order to get fiscal solvency. Since the condition of fiscal solvency was satisfied, government deficit would have...