Spyrakis, Vasileios; Kotsios, Stelios - In: Journal of Economic Structures 10 (2021), pp. 1-22
providing a new perspective for the interaction of public debt and GDP. The fiscal policy method we propose vanishes the dilemma …, as it immediately improves the debt-to-GDP ratio by increasing the national income and restraining the rise of public … debt. Finally, we stress why the second relation is important for the implementation of fiscal policy, as its presence …