The impact of financial openness on public debt in developing countries
Sign Up to like & getrecommendations! Published in 2020 at "Empirical Economics"
DOI: 10.1007/s00181-020-01839-x
Abstract: This article studies the impact of international financial openness on the public debt-to-output ratio in a representative sample of 37 developing countries from 1970 to 2015. We find that it is important to distinguish between… read more here.
Keywords: openness public; public debt; financial openness; country ... See more keywords
The causal relationship between public debt and economic growth in G7 countries: new evidence from time and frequency domain approaches
Sign Up to like & getrecommendations! Published in 2024 at "Economic Change and Restructuring"
DOI: 10.1007/s10644-024-09716-8
Abstract: Investigators of the public debt-economic growth nexus have yet to fully address the crucial issue of determining the direction of causality. There is an implicit assumption—or perception—that the causal relationship is mostly from public debt… read more here.
Keywords: relationship; debt economic; public debt; economic growth ... See more keywords
Determinants of substantial public debt reductions in Central and Eastern European Countries
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DOI: 10.1007/s10663-021-09529-2
Abstract: Government debt development is a timeless issue in economics that has gained even more attention in light of the global financial crisis and the Covid 19 pandemic crisis. The following paper uses several specifications of… read more here.
Keywords: debt; reductions central; debt reductions; central eastern ... See more keywords
Is government debt a burden on workers' income share? An investigation on Italian dynamics
Sign Up to like & getrecommendations! Published in 2024 at "Economia Politica"
DOI: 10.1007/s40888-024-00327-0
Abstract: This paper aims to explore if there is a connection between public debt and wage share; the intention is to contribute to the literature regarding both the efficacy of fiscal policy and financialisation of economics.… read more here.
Keywords: debt; public debt; income; government debt ... See more keywords
Does fiscal stance affect inflation expectations? Evidence for European economies
Sign Up to like & getrecommendations! Published in 2020 at "Economic Analysis and Policy"
DOI: 10.1016/j.eap.2020.09.010
Abstract: Abstract According to the fiscal theory of the price level, in a non-Ricardian regime, high public debt should lead to a price-level increase so as to fulfill intertemporal government budget constraint. Forward-looking agents should anticipate… read more here.
Keywords: inflation; inflation expectations; fiscal stance; public debt ... See more keywords
Saving, fertility and public policy in an overlapping generations small open economy
Sign Up to like & getrecommendations! Published in 2019 at "Economic Modelling"
DOI: 10.1016/j.econmod.2018.12.003
Abstract: Abstract Motivated by the recent increase of public debt experienced by many developed countries, we develop an OLG model to provide the fiscal policies needed for any public debt level to be sustainable in steady… read more here.
Keywords: small open; fertility; open economy; saving fertility ... See more keywords
Public debt expansions and the dynamics of the household borrowing constraint
Sign Up to like & getrecommendations! Published in 2019 at "Review of Economic Dynamics"
DOI: 10.1016/j.red.2019.11.002
Abstract: Contrary to a well-established view, public debt expansions may tighten the household borrowing constraint over time. Within an incomplete-markets model featuring an endogenous borrowing limit, we show that plausible debt-financed fiscal policies generate such tightening… read more here.
Keywords: debt expansions; debt; household borrowing; public debt ... See more keywords
The public debt and the Ricardian equivalence: Some critical remarks
Sign Up to like & getrecommendations! Published in 2021 at "Structural Change and Economic Dynamics"
DOI: 10.1016/j.strueco.2021.05.006
Abstract: Abstract The paper criticizes the so-called Ricardian Equivalence (RE) and its implications for the analysis of the problem of the public debt. The RE hinges on a view of the economic role of the state… read more here.
Keywords: debt ricardian; debt; ricardian equivalence; public debt ... See more keywords
RAMSEY OPTIMAL POLICY IN THE NEW-KEYNESIAN MODEL WITH PUBLIC DEBT
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DOI: 10.1017/s136510052000070x
Abstract: In the discrete-time new-Keynesian model with public debt, Ramsey optimal policy eliminates the indeterminacy of simple-rules multiple equilibria between the fiscal theory of the price level versus new-Keynesian versus an unpleasant equilibrium. If public debt… read more here.
Keywords: new keynesian; optimal policy; debt; public debt ... See more keywords
Public debt bubble and deflation: evidence from the Big Government impact in China
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DOI: 10.1080/01603477.2025.2503144
Abstract: Abstract This study extends Minsky’s framework by theorizing on how interventions designed to contain instability may inadvertently seed future fragility. We show that financial instability theory applies to public debt financing, which can trigger downward… read more here.
Keywords: debt; public debt; financial instability; instability ... See more keywords
Marx on Public Debt: Fiscal Expropriation and Capital Reproduction
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DOI: 10.1080/08911916.2017.1310474
Abstract: Abstract Marx devoted little attention to the functions of the State (and, particularly, to the role of public debt) in the capitalist system, and in more recent times, little attention has been devoted to this… read more here.
Keywords: debt; reproduction marx; public debt; capital reproduction ... See more keywords