Fiscal austerity and monetary easing: which one is to be praised for ending the euro area crisis?

In this paper I have used a framework for the analysis of public debt stability that dates back to Domar, and I have extended it in order to consider, together with the role played by the interest rate, the rate of GDP growth and domestic fiscal policy, also monetary solidarity. A special role has b...

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Bibliographic Details
Published in:	The European journal of comparative economics : EJCE 2018-06, Vol.15 (1), p.165-189
Main Author:	Posta, Pompeo Della
Format:	Article
Language:	English
Subjects:	Analysis Austerity policy Central banks Credibility Crises Debt financing Debt restructuring Deficit financing ecb Economic development Economic growth Economic models Economic policy Euro euro area crisis Eurozone Fiscal policy GDP Gross Domestic Product Interest rates International finance lender of last resort Monetary policy National debt Political economy Private sector Public debt Social cohesion Sustainability Uncertainty
Online Access:	Get full text
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