Hernández de Cos, Pablo; López Rodríguez, David; … - 2018
research is conclusive in pointing out that bearing high levels of public debt ratios for an extended period of time can be … both the European Stability Pact and the Spanish Stability Law during the recent crisis strengthened the role of public … debt in the budgetary framework. The simulations carried out in this paper show that, under plausible macroeconomic …