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 …

Hungary may be caused, however, by a one-time reduction in debt resulting from changes in pension system. …

deep recession; the exchange rate has plunged; capital flows have been frozen; inflation is elevated; public debt has risen …

policy and public debt. The aim of this paper is to address the challenges posed by the estimation of the discretionary …