Leonardo Badea, First Deputy Governor of the National Bank of Romania: Fiscal policy and financial stability in the current context
The link between fiscal policy and financial stability from the perspective of the crowding out effect, under conditions of fiscal dominance, has become a topic of interest for both academia and macroeconomic policymakers, especially after the sovereign debt crisis in the euro area, which followed the financial crisis of 2007-2009. In a major paper on [si#8230;]
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