Moudud, Jamee K. - In: International Journal of Political Economy 38 (2009) 1, pp. 35-57
This paper deals with Harrod's fiscal policies to raise the warranted growth rate toward the natural growth rate. Harrod shows that an increase in the budget deficit/GDP ratio raises the short-run growth rate while lowering the warranted growth rate. In order to raise the warranted growth rate...
