Morganti, Patrizio - In: European journal of comparative economics 20 (2023) 1, pp. 39-70
political and social instability. In 2019, the private and public debt of the EMU reached 206% and 86% of GDP, respectively. The … 2000-2019 period using a two-steps approach. We first provide a breakdown of private and public debt-to-GDP ratios and … stabilize private and public debt, promote growth, and foster coordination among the policies of the EMU member states. …