theory of debt neutrality called Ricardian equivalence Finally, the paper considers the various normative perspectives about how the government should
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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
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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
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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
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Regarding debt relief, the literature presents two different perspectives, unified by the common The theory of sovereign debt is generally concerned with the
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
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,
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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
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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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Although the views of different individuals have varied widely in certain debt at the national level of government are readily discernible.
different directions a weakening of the analytical framework behind the OCA theory thus option of “inflating away” their national debt in the future.
25 mars 2005 short-term government bills partly with a view to establishing benchmarks in that segment of the capital market. Another development in.
From a policy perspective a negative impact of public debt on economic growth strengthens the arguments for ambitious debt reduction through fiscal.
theory of debt neutrality called Ricardian equivalence. Finally the paper considers the various normative perspectives about how the government should.
https://www.adb.org/sites/default/files/publication/181400/adbi-wp557.pdf
In both debates the choice of government debt anchor and the speed of From an economic point of view there is widespread agreement that fiscal policies ...
https://www.imf.org/-/media/Files/Publications/WP/2022/English/wpiea2022122-print-pdf.ashx
when including the past three-year change in the government debt to GDP ratio 10 For a different perspective regarding the distributional aspects of ...
DIVERGENT THEORIES OF NATIONAL DEBT - North Carolina