Schuknecht, Ludger (contributor); … - 2008
are regressed on a number of variables including the levels of fiscal balances and
public debt. We also control for the … level of public debt. In a similar vein, Lemmen
and Goodhart (1999) and Codogno, Favero and Missale (2003) show that the … of public debt, while
Heppke-Falk and Hüffner (2004) find that expected deficits have a positive impact on this …