Téléchargez le livre : Public Debt, Sustainability and Economic Growth

Public Debt, Sustainability and Economic Growth

Theory and Empirics de

,

Éditeur :

Springer


Paru le : 2014-10-14

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Description
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 budget constraint and then, demonstrated how public debt affects the growth process and welfare in market economies. The effects are derived for models with complete labor markets as well as taking into account labor market imperfections. The focus in this book is on fiscal policy issues, but it also deals with monetary policy aspects. The theoretical analysis is complemented with empirical time series analyses on debt sustainability and with panel studies dealing with the relationship between public debt and economic growth.
Pages
271 pages
Collection
n.c
Parution
2014-10-14
Marque
Springer
EAN papier
9783319093475
EAN EPUB
9783319093482
Informations sur l'ebook
Nombre pages copiables
2
Nombre pages imprimables
27
Taille du fichier
2427 Ko
Prix
94,94 €

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