Public debt and the limits of fiscal policy to increase economic growth

This study proposes a theoretical model of endogenous growth that demonstrates that the level of the public debt-to-gross domestic product (GDP) ratio should negatively impact the effect of fiscal policy on growth. This effect occurs because government indebtedness extracts a portion of young people...

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Veröffentlicht in:	European economic review 2014-02, Vol.66, p.1-15
Hauptverfasser:	Teles, Vladimir K., Cesar Mussolini, Caio
Format:	Artikel
Sprache:	eng
Schlagworte:	Deficit financing Econometrics Economic growth Economic theory Empirical research Endogenous growth Experimental methods Fiscal policy GDP Gross Domestic Product Growth models Growth rates Public debt Studies
Online-Zugang:	Volltext
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