Public Debt, Sustainability and Economic Growth: Theory and Empirics
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Book Overview
Public debt has become a severe problem for a great many economies. While the effects of tax policies on the allocation of resources are readily derived, the mechanisms that make public deficits and debt influence the economy are not so easily understood. This book elaborates on the effects of public debt starting from the intertemporal budget constraint of the government. It is shown under which conditions a government can stick to the intertemporal...
Format:Hardcover
Language:English
ISBN:3319093479
ISBN13:9783319093475
Release Date:October 2014
Publisher:Springer
Length:271 Pages
Weight:1.29 lbs.
Dimensions:0.7" x 6.1" x 9.2"
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