Salotti, Simone; Marattin, Luigi - Dipartimento di Scienze per l'Economia e l'Impresa, … - 2010
levels, as economic theory predicts. Particularly, the deterioration of some EMU countries’ fiscal positions has been putting … at risk Eurozone’ financial stability. In this paper, we estimate a Panel VAR (PVAR) model on the EMU area employing …. Our results show that prior to the introduction of the Euro an increase in public debt led to positive and significant …