Public Debt, Sustainability and Economic Growth: Theory and Empirics

by Bettina Fincke and Alfred A. Greiner

Book Overview

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...

• Format: Hardcover
• Language: English
• ISBN: 3319093479
• ISBN13: 9783319093475
• Release Date: October 2014
• Publisher: Springer
• Length: 271 Pages
• Weight: 1.29 lbs.
• Dimensions: 0.7" x 6.1" x 9.2"