Gockov, Gjorgji; Makreshanska Mladenovska, Suzana - In: Journal of Contemporary Economic and Business Issues 6 (2019) 1, pp. 59-73
three main factors: the primary balance, the "snowball" effect, and the deficit-debt adjustment. The conventional debt … significant increase in the primary deficit (by 16 p.p.), that was almost completely offset by the positive "snowball" effect. In … as a result of a positive "snowball" effect but also because of the primary surplus. Contrary to pre-crisis developments …