Azizi, Karim; Canry, Nicolas; Chatelain, Jean-Bernard; … - 2013
This paper investigates the relevance of the No-Ponzi game condition for public debt (i.e. the public debt growth rate … condition for the GDP growth rate (i.e. the GDP growth rate has to be lower than the real interest rate). First, on the … than the GDP growth, it corresponds to 75% of the cases of the increases of the debt/GDP ratio but to only 43% of the cases …
