Due to the long-standing debate about the pros and cons of using public debt as a policy tool, we know a lot about what …, in the literature on the political economy of public debt there are relatively few empirical studies which investigate … the obvious research question of what citizens think about public debt; though citizens’ opinions are likely to be …

No subject in the world creates more confusion than ‘debt.’ Nowhere there is a greater need for information because no … often sounds as if the whole world is somehow over-indebted. The problem is that analysis is often based on gross debt, i. e … because you set off all net debts and liabilities of all sectors in the world against one another, there is no debt (i. e …

The paper deals with the current budget crisis in Germany, which was triggered by an attempt to increase public debt …

question of whether public debt in Europe's largest economy is sustainable in the long run has received great attention. After … governments reacted to the accumulation of approximately 1.5 billion euro of debt? Have they taken corrective action, or have they … let the debt grow? Closer empirical discussion of these questions is also important because of the recent political …

deficits increased sharply and might remain high after the end of the recession. This would raise real interest rates and would …

In search for determinants of public debt, traditional economic approaches use macroeconomic and public choice models …. More recent research explains public debt by debt preferences of voters and politicians. When it comes to empirical testing …, however, the latter approach often suffers from the lack of suitable proxies for debt preferences. The present paper finds a …

general government each: public debt, a cyclically-adjusted budget balance, with or without special allowance for public …

The effects of public debt on economic growth are analyzed in an augmented neoclassical growth model with AK …-technology. The objective of the government is a fixed deficit ratio and in the long run a constant debt ratio. Then there is a …