Bökemeier, Bettina; Stoian, Andreea; Owusu, Benjamin - 2023
, European Union (EU) members and OECD countries from 2000 to 2019. Applying the panel smooth transition regression to separate …) on average in the EU, a little higher in the OECD. Our results indicate that the stance of financial development matters … output gap in the EU and the OECD, too. While in the low FD regime debt indicates to be sustainable and the business cycle …