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 … sustainability, as a kink in the Laffer curve induces a dead-weight loss in the present discounted value of future primary surpluses …. Moreover, debt sustainability improves with monetary policy activeness, that is, with the elasticity of the interest rate to …