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Public Debt, Sustainability and Economic Growth: Theory and Empirics
Alfred Greiner
€ 148.55
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Description for Public Debt, Sustainability and Economic Growth: Theory and Empirics
Paperback. .
Public debt has become a severe problem for a great many economies. While the effects of tax policies on the allocation of resources are readily derived, the mechanisms that make public deficits and debt influence the economy are not so easily understood. This book elaborates on the effects of public debt starting from the intertemporal budget constraint of the government. It is shown under which conditions a government can stick to the intertemporal budget constraint and then, demonstrated how public debt affects the growth process and welfare in market economies. The effects are derived for models with complete labor markets ... Read more
Public debt has become a severe problem for a great many economies. While the effects of tax policies on the allocation of resources are readily derived, the mechanisms that make public deficits and debt influence the economy are not so easily understood. This book elaborates on the effects of public debt starting from the intertemporal budget constraint of the government. It is shown under which conditions a government can stick to the intertemporal budget constraint and then, demonstrated how public debt affects the growth process and welfare in market economies. The effects are derived for models with complete labor markets ... Read more
Product Details
Publisher
Springer International Publishing AG
Format
Paperback
Publication date
2016
Condition
New
Number of Pages
271
Place of Publication
Cham, Switzerland
ISBN
9783319363202
SKU
V9783319363202
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
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