Annicchiarico, Barbara - 2004
20
5 Calibration 21
6 Dynamics of public debt and primary
balance ratios 22
6.1 Tax rate as fiscal instrument 23
6 …-
dogenous growth in the presence of a public sector with objectives of conver-
gence for public debt and primary balance to GDP … the current and
the target levels of the public debt and the primary surplus to GDP ratios. It
is shown that the flscal …