Chudik, Alexander; Mohaddes, Kamiar; Pesaran, M. Hashem; … - Faculty of Economics, University of Cambridge - 2013
This paper investigates the long-run effects of public debt and inflation on economic growth. Our contribution is both … over the 1965-2010 period, we find significant negative long-run effects of public debt and inflation on growth. Our … results indicate that, if the debt to GDP ratio is raised and this increase turns out to be permanent, then it will have …