Alogoskoufis, George; van der Ploeg, Frederick - C.E.P.R. Discussion Papers - 1990
This paper investigates the implications of budgetary policies for consumption and economic growth. We present a model that combines the Arrow-Romer endogenous growth model with the Blanchard-Yaari overlapping-generations model. We show that a rise in government debt, financed by lump-sum taxes,...