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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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
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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:
E32
H23
C62
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)
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HAL-SHS: Archive ouverte en Sciences de l'Homme et de la Société
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