Giuliodori, Massimo; Beetsma, Roel - 2004
union members. A fiscal expansion resulting in higher
public debt could push long-term interest rates up, thereby crowding …. In particular, we investigate to what extent a fiscal stimulus in
one of the major Euro-area economies (Germany, France … monetary policy in the
Euro-area or the international capital market. We present counterfactual experiments in
which we control …