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The limits of austerity: The fiscal multiplier and the ‘debt Laffer curve’ (2017)
Book Chapter
Tsoukis. (2017). The limits of austerity: The fiscal multiplier and the ‘debt Laffer curve’. In Political Economy Perspectives on the Greek Crisis: Debt, Austerity and Unemployment. https://doi.org/10.1007/978-3-319-63706-8_10

We consider the maximum public debt-GDP ratio that is serviceable when one allows for the fiscal effects of the required primary surpluses (the ‘fiscal multiplier’). This simple but novel approach yields a debt Laffer Curve that defines the debt and... Read More about The limits of austerity: The fiscal multiplier and the ‘debt Laffer curve’.