by the government to finance programs with more or less important impact on society. Budget deficits and public debt have …

European Union member countries are currently exposed to negative implications of the economic and debt crisis … after the debt crisis contagion flooded Europe.In the paper we provide an overview of main trends in public budgets and … improvements in cyclically adjusted primary balance on the sovereign debt ratio reduction. We also estimate VAR model to analyze …

response the debt is more important in the effect of monetary policy, for prices, the "Ricardian" nature of fiscal policy … appears to be far more crucial. However, regarding inflation targeting, monetary policy is most effective in the low debt …

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 …