Regarding debt relief, the literature presents two different perspectives, unified by the common The theory of sovereign debt is generally concerned with the
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[PDF] Government Debt - Harvard DASH - Harvard University
theory of debt neutrality called Ricardian equivalence Finally, the paper considers the various normative perspectives about how the government should
[PDF] Rising Government Debt - National Bureau of Economic Research
and do not necessarily reflect the views of the National Bureau of Economic Figure 1 illustrates, the government debt increase in World War II, as in other wars, Behind any theory of optimal government debt is an assumption to break the
[PDF] Rising Government Debt - Columbia Business School
Journal of Economic Perspectives—Volume 33, Number 2—Spring 2019— Pages 115–140 I then review political economy theories of government debt I argue Beyond this theoretical ambiguity, there are other reasons that the long- term
CLASSICAL ECONOMISTS AND PUBLIC DEBT
and distribution Classical theories of national debt at best receive cursory of view there is no real difference among the various ways of financing, because in
[PDF] External Debt Sustainability: Theory and Empirical Evidence - CORE
Regarding debt relief, the literature presents two different perspectives, unified by the common The theory of sovereign debt is generally concerned with the
[PDF] Government Debt in Economic Thought of the Long 19th Century
Public debt in that view had no harmful economic consequences 1989: 160 On the different theoretical positions of Malthus and Ricardo in general see Rogin
[PDF] Consequences of Government Deficitsand Debt - International
magnitude of the effect, and the difference in views held on this issue can be quite stark tial theoretical effect of federal government debt on interest rates,
[PDF] The impact of high and growing government debt on economic growth
From a policy perspective, a negative impact of public debt on economic relationship also predominates across the various models used As regards The theoretical literature on the relationship between public debt and economic growth
[PDF] National Debt in a Neoclassical Growth Model - American Economic
economy converges with different quantitites of government debt out- standing Thus, only the In the absence of a dynamic theory of the capital market taxpayer is in the same position as a taxpayer whether his tax payments flow abroad or
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