Panizza, Ugo; Presbitero, Andrea Filippo - Money and Finance Research group (Mo.Fi.R.) - 2013
This paper surveys the recent literature on the links between public debt and economic growth in advanced economies. We … find that theoretical models yield ambiguous results. Whether high levels of public debt have a negative effect on long … discussion of the challenges involved in measuring and defining public debt and some suggestions for future research which, in …