Showing 1 - 10 of 28
This paper responds to the development policy debate involving the World Bank and the IMF on the use of fiscal policy not only for economic stabilization but also to promote economic growth and increase per capita income. A key issue in this debate relates to the effect of the composition of...
Persistent link: https://www.econbiz.de/10010521504
Persistent link: https://www.econbiz.de/10001728242
Persistent link: https://www.econbiz.de/10003299313
Persistent link: https://www.econbiz.de/10010405769
We analyze how the impact of a change in the sovereign debt-to-GDP ratio on economic growth depends on the level of debt, the stress level on the financial market and the membership in a monetary union. A dynamic growth model is put forward demonstrating that debt affects macroeconomic activity...
Persistent link: https://www.econbiz.de/10011048472
Persistent link: https://www.econbiz.de/10001602839
Persistent link: https://www.econbiz.de/10001585875
Persistent link: https://www.econbiz.de/10002573027
Persistent link: https://www.econbiz.de/10001945400
Persistent link: https://www.econbiz.de/10010361854