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High public debt in euro-area countries: comparing Belgium and Italy. Bruegel Policy Contribution Issue n˚15 | September 2018

Sapir, André (2018) High public debt in euro-area countries: comparing Belgium and Italy. Bruegel Policy Contribution Issue n˚15 | September 2018. [Policy Paper]

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    Abstract

    This Policy Contribution looks at the evolution of public debt in Belgium and Italy since 1990 and uses the debt dynamics equation to explain the contrasting evolution in the two countries in the run-up to the introduction of the euro, during the early years of the euro and since the beginning of the crisis, arguing that the euro could have been used also by Italy to undertake sufficiently large fiscal adjustment.

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    Item Type: Policy Paper
    Subjects for non-EU documents: Countries > Belgium
    Countries > Italy
    EU policies and themes > Policies & related activities > economic and financial affairs > general
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Bruegel (Brussels) > Policy Contributions
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 14 Sep 2018 13:33
    Number of Pages: 14
    Last Modified: 14 Sep 2018 13:33
    URI: http://aei.pitt.edu/id/eprint/94384

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