Hernández de Cos, Pablo; López Rodríguez, David; … - 2018
The government debt-to-GDP ratios in the majority of euro area economies, including Spain, are at very high levels … public debt ratios for an extended period of time can be damaging for economic growth. The economic literature also concludes … budgetary stability law during the recent crisis strengthened the role of public debt in the budgetary framework. The …