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...
|Place of publication:||
HOBOKEN WILEY 01.03.2019
Wiley Subscription Services, Inc
|published in:||Journal of money, credit and banking Vol. 51; no. 2-3; pp. 655 - 682|
|Data of publication:||March-April 2019|
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.
|Database:||Social Sciences Citation Index
Web of Knowledge
Web of Science - Social Sciences Citation Index – 2019
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