Public debt, sustainability and economic growth [electronic resource] : theory and empirics / Alfred Greiner, Bettina Fincke.

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Public debt, sustainability and economic growth [electronic resource] : theory and empirics / Alfred Greiner, Bettina Fincke.

9783319093482 electronic book
3319093487 electronic book
9783319093475

Cham : Springer, [2014]

©2015

English

1 online resource (xviii, 271 pages) : illustrations.

10.1007/978-3-319-09348-2 doi

HJ8011 .G74 2015eb

336.3/4

Public debt has become a severe problem for a great many economies. While the effects of tax policies on the allocation of resources are readily derived, the mechanisms that make public deficits and debt influence the economy are not so easily understood. This book elaborates on the effects of public debt starting from the intertemporal budget constraint of the government. It is shown under which conditions a government can stick to the intertemporal budget constraint and then, demonstrated how public debt affects the growth process and welfare in market economies. The effects are derived for.

Includes bibliographical references and index.

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Online resource; title from PDF title page (SpringerLink, viewed October 31, 2014).

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