Marattin, Luigi; Salotti, Simone - 2010
levels, as economic theory predicts. Particularly, the deterioration of some EMU countries' fiscal positions has been putting … at risk Eurozone' financial stability. In this paper, we estimate a Panel VAR (PVAR) model on the EMU area employing … annual data from 1970 to 2008 in order to assess the qualitative and quantitative impact of public debt on interest rates Our …