Growth and Public Debt: What Are the Relevant Trade‐Offs?

The interplay between growth and public debt is addressed considering a Barro‐type (1990) endogenous growth model where public spendings are financed through taxes on income and public debt. The government has a target level of public debt relative to GDP, and the long‐run debt‐to‐GDP ratio is used...

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Bibliographic details
Volume:	51
Main Author:	CHERON, ARNAUD NISHIMURA, KAZUO NOURRY, CARINE SEEGMULLER, THOMAS VENDITTI, ALAIN
Format:	Journal Article
Language:	English
Zielgruppe:	Academic
Place of publication:	HOBOKEN WILEY 01.03.2019 Wiley Subscription Services, Inc Wiley
published in:	Journal of money, credit and banking Vol. 51; no. 2-3; pp. 655 - 682
Data of publication:	March-April 2019
ISSN:	0022-2879 1538-4616
EISSN:	1538-4616
Discipline:	Economics Business
Bibliography:	This work has benefited from the financial support of the French National Research Agency (ANR n° ANR‐15‐CE33‐0001‐01), and of the Japan Society for the Promotion of Science, Grant‐in‐Aid for Research #23000001 and #15H05729. We thank the Editor P.‐S. Lam and two anonymous referees together with G. Bertola, R. Boucekkine, M. Devereux, F. Dufourt, M. Dupaigne, A. Eyquem, K. Gente, M. Léon‐Ledesma, M. Maffezzoli, X. Raurich, and M. Piffer for useful comments and suggestions. This paper also benefited from presentations at EDHEC Business School, October 2014, at the “Anglo‐French‐Italian Macro Workshop,” AMSE‐GREQAM, December 2014, at the Workshop on “Macroeconomic Challenges in the International Economy,” AMSE‐GREQAM, March 2015, at the “15th SAET Conference,” University of Cambridge, July 2015, at the International Conference on “Financial and Real Interdependencies: Volatility, Inequalities and Economic Policies,” Católica Lisbon School of Business and Economics, May 2015, and at the “ASSET Meeting,” Granada, November 2015.
Subjects:	public spending E32 H23 endogenous growth public debt C62 sunspot fluctuations Economics Business & Economics Social Sciences Business, Finance Expenditures, Public Public debts Economic growth Analysis Economics and Finance Humanities and Social Sciences United Kingdom public spending POLICY RULE endogenous growth public debt MODEL GOVERNMENT PRIVATE CONSUMPTION sunspot fluctuations
Online Access:	Fulltext
Database:	Social Sciences Citation Index Web of Knowledge Web of Science - Social Sciences Citation Index – 2019 Web of Science CrossRef Gale General OneFile (A&I only) Academic OneFile (A&I only) Hyper Article en Ligne (HAL) HAL-SHS: Archive ouverte en Sciences de l'Homme et de la Société Database information Databases - DBIS