Blot, Christophe; Cochard, Marion; Ducoudré, Bruno; … - Centre de recherche en Économie (OFCE), Sciences … - 2014
EMU countries have engaged in a consolidation of fiscal policies since 2011. This paper deals with the public debt and … output dynamic consequences of this strategy. To thisend, we develop a simple macroeconomic modelof the Euro area, where … crisis. We then analyze the ability of EMU countries to comply with thenew fiscal rules on public debt. he path of public …