Nersisyan, Yeva S.; Wray, L. Randall - In: Revue de l'OFCE n° 116 (2011) 1, pp. 173-190
While most economists accept the desirability of expansion of deficits over the short term there are a number of theoretical arguments that lead to the conclusion that higher government debt ratios might depress growth or lead to national insolvency. These have been further ?strengthened?...