Yanushevsky, Camilla; Yanushevsky, Rafael - In: International journal of economic sciences and applied … 6 (2013) 3, pp. 21-33
The paper addresses a topical issue - how expansionary fiscal policy affects the debt to GDP ratio. It examines whether … downturn. The authors develop the debt to GDP ratio dynamics model and perform a series of simulations (based on US data) to … forecast the evolution of the debt to GDP ratio over a 10-year horizon. It is shown that for the data characterizing the …