Squaring the circle: How to guarantee fiscal space and debt sustainability with a European Debt Agency

Massimo Amato , Francesco Saraceno (1)

1 OFCE - Observatoire français des conjonctures économiques (Sciences Po)

This paper contributes to the debate on European macroeconomic governance. What is at stake is creating fiscal space for eurozone countries, while ensuring the sustainability of large public debts. Whether fiscal space is created through the reform of fiscal rules, the creation of a central fiscal capacity, or a mix of the two, the question of public debt management, past and future, is paramount...

Domaines: Économie et finance quantitative [q-fin]

Massimo Amato, Francesco Saraceno. Squaring the circle: How to guarantee fiscal space and debt sustainability with a European Debt Agency. 2022. ⟨hal-03554212⟩