Bischi, Gian Italo; Giombini, Germana; Travaglini, Giuseppe - 2022
We study the dynamic relationship between the public debt ratio and the real interest rate. By means of a macroeconomic … the role of monetary policy, fiscal policy and risk premium in affecting the stability of the debt ratio and the existence … of a monetary policy, in the form of an interest rate rule, is necessary to control the pattern of the debt ratio for …