Starting point of this book is the observation that an increase in public debt must be accompanied by a rise in the primary surplus of the government to guarant

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 me

This paper explores the impact of high public debt on long-run economic growth. The analysis, based on a panel of advanced and emerging economies over almost fo

This book considers public debt dynamics in various endogenous growth mod els, namely the AK model and explicit models of innovation and human cap ital accumula

This book considers public debt dynamics in various endogenous growth mod els, namely the AK model and explicit models of innovation and human cap ital accumula