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...
| Main Authors: | , |
|---|---|
| 格式: | Working paper |
| 出版: |
University of Oxford
2017
|