Amid the COVID-19 pandemic policymakers now face the dilemma of whether to stimulate infrastructure development by raising debt, which may reduce future flexibility, or to strengthen their fiscal positions. In order to shed light on this issue, the present study analysed an optimal debt level,...

Russian Abstract: Текущий кризис, вызванный пандемией COVID-19, поставил многие страны перед выбором – стимулировать экономическое развитие стран за счет наращивания...