Soukiazis, Elias; Cerqueira, Pedro; Antunes, Micaela - Grupo de Estudos Monetários e Financeiros (GEMF), … - 2011
imbalances (budget deficits or public debt) can also constrain growth. The recent European public debt crisis shows that when … external imbalances. The model is tested for Portugal that recently fell into a public debt crisis with serious negative …