This paper investigates the relationship between government debt and labour taxation for a panel of 18 EU countries … positive response of labour taxation to changes in the general government debt and interest expenditure-to-GDP ratios. The …

, France, Germany, Japan, Netherlands, Sweden, and UK); improvements of the primary balance after past worsening in debt ratios … for Australia, Belgium, Germany, Ireland, Netherlands and the UK; Granger causality from government debt to the primary …

unemployment rates and government debt levels in other European countries are systematically related to lower levels of trust in …

macroeconomic consequences of government debt accumulation. Focusing on the USA, Germany and Italy over the 1983-2003 period, the … central issue addressed in this paper is how the accumulation of government debt affects long-term interest rates, both … more sustained debt accumulation leads at least temporarily to higher long-term interest rates. This transitory impact also …

This paper studies welfare consequences of a soft borrowing constraint on sovereign debt which is modeled as a … proportional fine per unit of debt exceeding some reference value. Debt is the result of myopic fiscal policy where the government … is assumed to have a smaller discount factor than the private sector. Due to the absence of lump-sum taxation, debt …

This paper studies welfare consequences of a soft borrowing constraint on sovereign debt which is modeled as a … proportional fine per unit of debt exceeding some reference value. Debt is the result of myopic fiscal policy where the government … is assumed to have a smaller discount factor than the private sector. Due to the absence of lump-sum taxation, debt …

macroeconomic consequences of government debt accumulation. Focusing on the USA, Germany and Italy over the 1983-2003 period, the … central issue addressed in this paper is how the accumulation of government debt affects long-term interest rates, both … more sustained debt accumulation leads at least temporarily to higher long-term interest rates. This transitory impact also …

In most euro area countries, the monetary/fiscal policy mix is responsible for the changing history of debt and … simulations reveal that the PM/AF regime in France led to price volatility and debt stabilisation, while the AM/PF regime resulted … in disinflation and rising debt trajectory. Meanwhile, Italy's procyclical fiscal policy in downturns contributed to …