Trang Thi Thuy Nguyen; Binh Thai Pham; Sala, Hector - In: Journal of applied economics 26 (2023) 1, pp. 1-28
average, 0.15 GDP percentage points deterioration in the fiscal balance. This average value is subject to significant non …-linearities characterized by larger negative effects the higher the fiscal balance is. In a critical period in which public debts have climbed …