Cargando…

Public debt, sustainability and economic growth : theory and empirics /

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 publi...

Descripción completa

Detalles Bibliográficos
Clasificación:Libro Electrónico
Autores principales: Greiner, Alfred (Autor), Fincke, Bettina (Autor)
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Cham : Springer, [2014]
Temas:
Acceso en línea:Texto completo
Descripción
Sumario: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.
Descripción Física:1 online resource (xviii, 271 pages) : illustrations (some color)
Bibliografía:Includes bibliographical references and index.
ISBN:9783319093482
3319093487
3319093479
9783319093475