pandemic and their emergence with the economic crisis and their effects on public expenditures especially health expenditures … world faced with an increase in public debt, increase in inflation and unemployment rates, a decrease in growth rates and …

This paper examines the role of financial frictions in the public debt-growth nexus, documenting that a public debt … financial regimes: stressful versus normal. The empirical results suggest that a public debt shock has a broadly insignificant … moderately larger in the stress regime, providing evidence of the accommodative stance between fiscal policy and monetary policy …

avoided, and on a possible reinvented role for fiscal policy in deep economic crisis. …Since the Global Financial Crisis in 2008-2009, there has been flourishing literature on the role of fiscal policy in …

with regimes of high public debt through DSGE model simulations. The large public debt build-up following the 2009 global … financial and economic crisis acted as a shock absorber for output, while in the recent and more severe COVID19-crisis, an … increase in public debt is even more justified given the nature of the crisis. Yet, once the crisis is over and the recovery …

large public debt build-up following the 2009 global financial and economic crisis acted as a shock absorber for output …The paper reviews the economic risks associated with regimes of high public debt through DSGE model simulations. The …, while in the recent and more severe COVID19-crisis, an increase in public debt is even more justified given the nature of …

large public debt build-up following the 2009 global financial and economic crisis acted as a shock absorber for output …The paper reviews the economic risks associated with regimes of high public debt through DSGE model simulations. The …, while in the recent and more severe COVID19-crisis, an increase in public debt is even more justified given the nature of …

large public debt build-up following the 2009 global financial and economic crisis acted as a shock absorber for output …The paper reviews the economic risks associated with regimes of high public debt through DSGE model simulations. The …, while in the recent and more severe COVID19-crisis, an increase in public debt is even more justified given the nature of …

public debt. Two main schools of thought are evident in available literature: those that believe that a government must … on newer progressive economic theory, that large public debt is not only acceptable, but that government debt is crucial …

This paper analyses the link between discretionary fiscal policy and interest-growth differentials (r-g). Panel … relationship between fiscal policy and r-g. However, more unfavourable r-g differentials are linked more strongly to a tighter … fiscal stance when public-debt-to-GDP ratios are higher - but only in the euro area, not in advanced stand-alone countries …