Battistini, Niccolò; Callegari, Giovanni; Zavalloni, Luca - 2019
This paper analyzes the impact of monetary policy on public debt sustainability through the lens of a general …. Moreover, debt sustainability improves with monetary policy activeness, that is, with the elasticity of the interest rate to … sustainability depending on the monetary policy environment. In normal times, large public spending shocks may engender perverse debt …