Eurozone High-Debt Economies: Fiscal Consolidation Challenges in Low-Growth Scenarios – A Heterogeneous Agent New Keynesian Analysis
Eurozone economies with debt-to-GDP ratios above 100%—including Italy (BIT: IT0003122225), France (EURONEXT: PA), and Portugal (PSI: PT)—are set to tighten fiscal policy by €120 billion over two years under HANK-based ... Read More