’s theory of functional finance (FF). A thorough discussion of this concept is helpful in reconsidering the debate on the nature … growth, deflation, and weak public finances. …

The influence of government size on per capita GDP growth has attracted much interest from scholars during the past two … in affecting economic growth. Some authors find negative effects (Barro, 1991, De la Fuente, 1997, or Fölster and … al., 1997 and 2006). Another strand of the growth literature underlines the importance of economic and political …

Debt impacts negatively on the determinants of growth There is evidence of asymmetric effects …