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constant in the economy with or without a binding constraint on tax revenues as a share of GDP current non-durable public goods … to finance the accumulation of public capital goods may allow the economy to reach a long-run optimal growth path faster …
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The end of the great moderation has profound implications on the assessment of fiscal sustainability. The pertinent issue goes beyond the obvious increase in the stock of public debt/GDP induced by the global recession, to include the neglected perspective that the vulnerabilities associated...
Persistent link: https://www.econbiz.de/10008689002
The end of the great moderation has profound implications on the assessment of fiscal sustainability. The pertinent issue goes beyond the increase in stock of public debt/GDP induced by the global recession, to include the perspective that the sustainability of a given public debt/GDP depends on...
Persistent link: https://www.econbiz.de/10008698949
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constant in the economy with or without a binding constraint on tax revenues as a share of GDP - current non-durable public … borrowing to finance the accumulation of public capital goods may allow the economy to reach a long-run optimal growth path …
Persistent link: https://www.econbiz.de/10012465844
constant in the economy with or without a binding constraint on tax revenues as a share of GDP - current non-durable public … borrowing to finance the accumulation of public capital goods may allow the economy to reach a long-run optimal growth path …
Persistent link: https://www.econbiz.de/10012777949