000			02495nam a2200241 a 4500
001			50772
003			0000000000
005			20240411193247.0
008			230302n s 000 0 eng d
020			_a9783319093482
100	1		_aGreiner, Alfred.
245	1	0	_aPublic debt, sustainability and economic growth _h[electronic resource] : _btheory and empirics / _cAlfred Greiner; Bettina Fincke.
260			_aCham : _bSpringer, _c2014.
300			_a1 online resource.
505	0		_aPermanent Public Deficits Conclusion; Appendix; The Elasticity of Labor Supply and the Intertemporal Elasticity of Substitution of Consumption; The Elasticity of Labor Supply; The Intertemporal Elasticity of Substitution of Consumption; On the Intertemporal Budget Constraint of the Government with ψ=0; Proof of Proposition 4; Proof of Proposition 5; Proof of Proposition 6; Proof of Proposition 7; Welfare Effects with a Different Initial Condition and with κ=1.; Proof of Lemma 1; Proof of Proposition 10; Proof of Lemma 2; Stability of the Balanced Budget Scenario in the Monetary Growth Model.
520			_aPublic 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 models with complete labor markets as well as taking into account labor market imperfections. The focus in this book is on fiscal policy issues, but it also deals with monetary policy aspects. The theoretical analysis is complemented with empirical time series analyses on debt sustainability and with panel studies dealing with the relationship between public debt and economic growth.
650		7	_aDebts, Public. _2sears
650		7	_aEconomic policy. _2sears
650		7	_aSustainable development. _2sears
700	1		_aFincke, Bettina, _eAuthor.
856			_uhttps://drive.google.com/file/d/1DgYAdtoqW39Y-rMM5_f48xlZsvE4ZPXk/view?usp=sharing
999			_c16062 _d16062