Grimm, Veronika; Nöh, Lukas; Wieland, Volker - 2022
the future. This outlook has changed considerably with the recent surge in inflation and government bond rates … approaching or exceeding levels last observed on the eve of the euro area debt crisis. In light of these risks, governments of … euro area member states should take substantive action to achieve a sustained decline in debt-to-GDP ratios towards safer …