median real GDP growth falls abruptly. Our work is the first to formally test for threshold effects in the relationship … between public debt and median real GDP growth. The null hypothesis of no threshold effect is rejected at the 5 percent … threshold for economic growth may exist around a relatively small debt-to-GDP ratio of 30 percent. Empirical results are more …

options that have, in the past, helped lower debt burdens. Specifically, it examines orthodox options (enhancing growth …

Elevated levels of government debt raise concerns about their effects on long-term growth prospects. Using the cross … growth. We propose a production-based asset pricing model with endogenous innovation and fiscal policy shocks that can … government debt and future growth …

context of a general equilibrium model of innovation-led growth. In the model, innovation comes from entrant firms creating …