Bajo-Rubio, Oscar; Díaz-Roldán, Carmen; Esteve, Vicente - In: Journal of Policy Modeling 36 (2014) 5, pp. 924-937
In this paper, we provide a test of the sustainability of the Spanish government deficit over the period 1850–2000, emphasizing the role played by monetary and fiscal dominance in order to get fiscal solvency. Since the condition of fiscal solvency was satisfied, government deficit would have...
