This dissertation studies the effects of fiscal policy and the challenges due to government debt. The first part of the work consists of an analysis of fiscal policy and government debt in theoretical models. We show in Chapter 2, how the public debt structure, split into internal and external...

This thesis was written by Jakob Eberl while having been a research assistant at the Center for Economic Studies (CES) at the University of Munich. It was completed in December 2015 and accepted as a doctoral thesis by the Department of Economics at the University of Munich in May 2016. The...