Elmendorf, Douglas W.; Gregory Mankiw, N. - In: Handbook of macroeconomics : volume 1, part C, (pp. 1615-1669). 1999
This chapter surveys the literature on the macroeconomic effects of government debt. It begins by discussing the data on debt and deficits, including the historical time series, measurement issues, and projections of future fiscal policy. The chapter then presents the conventional theory of...
