Andrés, Javier; Boscá, J.E.; Ferri, Javier - Institut d'Economia Internacional (IEI), Universitat Jaume I - 2014
In this paper, we look at the interplay between the level of household leverage in the economy and fiscal policy, the latter characterised by different combinations of instruments and rules. When the fiscal rule is defined on lump-sum transfers, government spending or consumption taxes, the...