DAR, Atul A.; AMIRKHALKHALI, Sal - In: Applied Econometrics and International Development 14 (2014) 1, pp. 21-32
It is generally agreed that the rapid rise of public debt in most of the developed countries can be traced to the recent financial crisis, and the accompanying slump contributed to this problem. This has sparked debate about the likely adverse macroeconomic impacts of persistent large debts...