providing citation data for Economics since 2001
Step 1 of 3. This form allows you to add a new citation to our database.
Our data says that the document:
Jan, Priewe. (2021) Reforming the Fiscal Rulebook for the Euro Area – and the Challenge of Old and New Public Debt.
In: IMK Studies. RePEc:imk:studie:72-2021.
Full description at Econpapers
cites:
Said bluntly, if there are so many adverse shocks, good times are rare and short. Times that were good enough to constrain expenditures, even though inflation was unambiguously below target, triggered strong monetary easing. In other words, the imperative to save in good times ignores history (shocks, legacy debt), and it ignores inflation below target, hence monetary policy. Similar narratives could be told regarding European high-debt countries like Italy. Key for understanding Italy’s debt is understanding its historical legacy. Attempting to reverse historical developments by fiscal frugality can lead, under certain circumstances, to self-defeating fiscal constraint. This is a phenomenon ignored by almost all authors following the deficit-bias hypothesis (cp. Fatás/Summers 2018).
but, as far as we know, such cited document is not available on RePEc.
If you know this information is not correct, you may help us to improve our service giving us the handle of the cited document in the box below. In this way, we could add the citation to CitEc.
Note that if you are the author of a cited document which it is not available on RePEc, you can submit a copy to the Munich Personal RePEc Archive (MPRA). Upload a paper now.