Question
The existing debt would reduce the flexibility of budget arrangement, derive the evolution of the debt to GDP ratio (debt ratio) and explain the change
The existing debt would reduce the flexibility of budget arrangement, derive the evolution of the debt to GDP ratio (debt ratio) and explain the change in the debt ratio over time. (8 marks)
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Macroeconomics A European Perspective
Authors: Olivier Blanchard, Alessia Amighini, Francesco Giavazzi
4th Edition
1292360895, 9781292360898
