Morganti, Patrizio - In: European journal of comparative economics 20 (2023) 1, pp. 39-70
agents. Therefore, high levels of indebtedness may hinder economic growth especially for those economies with a large debt … burden and may also amplify the volatility of GDP growth rates. This can be particularly true when we consider a currency … purpose of this paper is to investigate the relationship between economic growth and debt for the EMU countries during the …