conclusion that fiscal policy has been sustainable in EU15 countries during the last 30
years.
Figure 2.2 Posterior Density Functions for the Response of the Primary Surplus to
Debt Accumulation
Belgium Germany
Greece Spain
France
Italy
43
conclusion that fiscal policy has been sustainable in EU15 countries during the last 30
years.
Figure 2.2 Posterior Density Functions for the Response of the Primary Surplus to
Debt Accumulation
Belgium Germany
Greece Spain
France
Italy
43