The author analyses the efficiency of traditional Keynesian policies at a time of high and rising public debts, under a hesitating central bank.
VRANCEANU, R. (2014). Economic Policies and the Debt/GDP Constraint: The European Challenge. In: The Eurozone Crisis and the Future of Europe: The Political Economy of Further Integration and Governance. 1st ed. Macmillan, pp. 60-82.