Greiner, Alfred; Fincke, Bettina - 2014 - 1. Aufl.
Public debt has become a severe problem for a great many economies. While the effects of tax policies on the allocation … easily understood. This book elaborates on the effects of public debt starting from the intertemporal budget constraint of …, demonstrated how public debt affects the growth process and welfare in market economies. The effects are derived for models with …