the degree to which the EU Member States adhered to it. Further, we analyse what effects public debt and public deficits … have and whether, after all, public debt should be limited in one way or the other. Along these lines, the case for …

The effects of public debt on economic growth are analyzed in an augmented neoclassical growth model with AK …-technology. The objective of the government is a fixed deficit ratio and in the long run a constant debt ratio. Then there is a …

, an increase in the debt-to-capital ratio is accompanied by higher taxes, a rise in unemployment and lower economic growth. …

In recent decades, governments have built up substantial public debt, which is often accompanied by a growing public … development of public debt in the United States and six EU countries is sustainable--that is, whether fiscal policies in these … countries can be continued without creating the potential for government bankruptcy. The sustainability of public debt presents …

The aim of this paper is to obtain empirical evidence about the influence of the public debt externalities of the … that the level of indebtedness of the own regional government, as well as the stock of debt of the regional level and …

endogenizing the private sector. Debt finance is supplemented by taxing a private consumption which serves as an additional source …

debt in an environment of trust crisis and threat of change in exchange regime. In this sense, the above-mentioned models … suggests that the extension of the debt is a good strategy for the management of the public debt. …

general government each: public debt, a cyclically-adjusted budget balance, with or without special allowance for public …