Spyrakis, Vasileios; Kotsios, Stelios - In: Journal of economic structures : JES; the official … 10 (2021), pp. 1-22
countries to apply countercyclical policy in order to overcome the recession. As a result, highly indebted countries were forced … between the front-loaded and back-loaded austerity, combines the fiscal recovery from a recession and the fiscal consolidation … the case of a highly indebted country, which is not cut off from the financial markets yet, using a bilinear difference …