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The present paper studies the evolution of the Greek public debt ratio under different assumptions regarding the size and the degree of persistence of fiscal multiplies, the implementation profile of the applied fiscal adjustment and the response of financial markets to fiscal consolidation. The...
Persistent link: https://www.econbiz.de/10011126739
Drawing on the existing literature on national saving and investment we attempt to identify and empirically analyze the main drivers of Greece’s current account position in recent decades and, especially, in the years following the euro adoption. Our results seem to provide broad-based support...
Persistent link: https://www.econbiz.de/10010744996
Severe cash constraints faced by the Greek Government due to a pretty demanding schedule of interest and amortization payments in the remainder of 2015 have lately engineered a new explosion of sovereign bond spreads and rekindled fears of a GRexit down the road. Such fears have been exacerbated...
Persistent link: https://www.econbiz.de/10013021319