Faini, Riccardo - In: Economic Policy 21 (2006) 47, pp. 443-489
type="main" xml:lang="en" <title type="main">SUMMARY</title> </section> <title type="main">Fiscal policy and interest rates in Europe</title> <p> The appetite for fiscal discipline has been steadily declining among most industrial countries. In the past, fiscal profligacy would have been punished by markets with higher interest rates and, in some cases, also...</p>