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 …

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 …

The financial crisis and recession have left a legacy of unusually large fiscal deficits and growing sovereign debt …. Fiscal space is defined as the room the government has to borrow before it hits a debt limit, the level of debt to GDP at … which the debt dynamics become unstable, unless the government undertakes exceptional fiscal action. The debt limit is a …

In light of the growing public debt, the issue of debt sustainability has increasingly attracted attention. At least … to prevent already high public-debt-to-GDP ratios from a further significant rise, also the case of Romania. However …, drastic fiscal policy adjustment may be not feasible in the short term and hence public debt is likely to grow further. …

debt was derailed by the global crisis. Restoring the strategy is a priority, especially as spreads on Belgian debt have …