van der Ploeg, Frederick; Alogoskoufis, George S - In: Journal of Money, Credit and Banking 26 (1994) 4, pp. 771-91
The Ramsey-Romer model of endogenous growth is extended to allow for holdings of real money balances and government debt as well as capital and for non-interconnected generations of households. Tax-financed increases in government consumption and debt depress growth prospects and boost...