Political myopia, public debt, and economic growth
Can economic growth increase public debt? Previous studies on the debt-growth nexus focused on the effects of debt on growth. We present an opposite perspective by showing that growth can reinforce deficit spending. A political economy model of endogenous public debt indicates that the underlying ca...
| Những tác giả chính: | , |
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| Định dạng: | Working paper |
| Được phát hành: |
University of Oxford
2017
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