27,937
Views
15
CrossRef citations to date
0
Altmetric
Articles

Public debt and economic growth: what do neoclassical growth models teach us?

&

References

  • Abbas, S. A., N. Belhocine, A. ElGanainy, and M. Horton. 2010. “A Historical Public Debt Database.” IMF Working Paper no.WP/10/245, Washington, D.C.: International Monetary Fund.
  • Acemoglu, D. 2009. Introduction to Modern Economic Growth. Princeton, New Jersey: Princeton University Press.
  • Auerbach, A. J., and L. J. Kotlikoff. 1987. Dynamic Fiscal Policy. Cambridge, UK: Cambridge University Press.
  • Ball, L., and N. G. Mankiw. 1995. “What Do Budget Deficits Do?” NBER Working Paper no.5263, Cambridge, Massachusetts: National Bureau of Economic Research.
  • Barro, R. J. 1974. “Are Government Bonds Net Wealth?” Journal of Political Economy 82 (6): 1095–1117.
  • Bernheim, B. D. 1987. “Ricardian Equivalence: An Evaluation of Theory and Evidence.” In NBER Macroeconomics Annual, edited by S. Fischer, 263–304. Vol. 2. Cambridge, Massachusetts: MIT Press.
  • Blanchard, O. J. 1985. “Debt, Deficits, and Finite Horizons.” Journal of Political Economy 93 (2): 223–247.
  • Blanchard, O. J., and S. Fischer. 1989. Lectures on Macroeconomics. Cambridge, Massachusetts: MIT Press.
  • Buiter, W. H. 1988. “Death, Birth, Productivity Growth and Debt Neutrality.” The Economic Journal 98 (391): 279–293.
  • Caroll, C. D., and L. H. Summers. 1991. “Consumption Growth Parallels Income Growth: Some New Evidence.” In National Saving and Economic Performance, edited by B. D. Bernheim and J. B. Shoven, 305–348, Chicago: University of Chicago Press.
  • Cass, D. 1965. “Optimum Growth in an Aggregative Model of Capital Accumulation.” The Review of Economic Studies 32 (3): 233–240.
  • Dedák, I., and Á. Dombi. 2018. “A Closed-Form Solution for Determining the Burden of Public Debt in Neoclassical Growth Models.” Bulletin of Economic Research 70 (1): 88–96.
  • DeLong, J. B., and L. H. Summers. 2012, Spring. “Fiscal Policy in a Depressed Economy.” Brookings Papers on Economic Activity 2012. 233–274.
  • Diamond, P. A. 1965. “National Debt in a Neoclassical Growth Model.” The American Economic Review 55 (5): 1126–1150.
  • Durlauf, S. N., P. A. Jonhson, and J. R. W. Temple. 2005. “Growth Econometrics.” In Handbook of Economic Growth, edited by P. Aghion and S. N. Durlauf, 555–677. Vol. 1. Amsterdam: Elsevier.
  • Eberhardt, M., and A. F. Presbitero. 2015. “Public Debt and Growth: Heterogeneity and Non-Linearity.” Journal of International Economics 97 (1): 45–58.
  • Égert, B. 2015. “The 90% Public Debt Threshold: The Rise and Fall of a Stylized Fact.” Applied Economics 47 (34–35): 3756–3770.
  • Elmendorf, D. W., and N. G. Mankiw. 1999. “Government Debt.” In Handbook of Macroeconomics, edited by J. B. Taylor and M. Woodford, 1615–1669. Vol. 1. Amsterdam: Elsevier.
  • Evans, P. 1991. “Is Ricardian Equivalence a Good Approximation?” Economic Inquiry 29 (4): 626–644.
  • Faruqee, H. 2003. “Debt, Deficits, and Age-Specific Mortality.” Review of Economic Dynamics 6 (2): 300–312.
  • Faruqee, H., and D. Laxton. 2000. “Life-Cycles, Dynasties, Saving: Implications for Closed and Small, Open Economies.” IMF Working Paper no.WP/00/126, Washington, D.C.: International Monetary Fund.
  • Faruqee, H., D. Laxton, and S. Symansky. 1997. “Government Debt, Life-Cycle Income, and Liquidity Constraints: Beyond Approximate Ricardian Equivalence.” Staff Papers (International Monetary Fund) 44 (3): 374–382.
  • Feenstra, R. C., R. Inklaar, and M. P. Timmer. 2015. “The Next Generation of the Penn World Table.” American Economic Review 105 (10): 3150–3182.
  • Greiner, A. 2011. “Sustainability of Public Debt: Some Theoretical Considerations.” Economics Bulletin 31 (4): 3311–3319.
  • Johnson, D. S., J. A. Parker, and N. S. Souleles. 2006. “Household Expenditure and the Income Tax Rebates of 2001.” American Economic Review 96 (5): 1589–1610.
  • Klenow, P., and A. Rodríguez-Clare. 1997. “The Neoclassical Revival in Growth Economics: Has It Gone Too Far?.” In NBER Macroeconomics Annual 1997 Vol.12, edited by B. S. Bernanke and J. J. Rotemberg, 73–114, Cambridge, Massachusetts: The MIT Press.
  • Koopmans, T. C. 1965. “On the Concept of Optimal Economic Growth. In: The Econometric Approach to Development Planning.” Pontifica Academia Scientarium Scripta Varia 28 (Part 1): 225–287.
  • Krugman, P. 2012. End This Depression Now! New York, London: W.W. Norton & Company.
  • Mankiw, N. G. 1995. “The Growth of Nations.” Brookings Papers on Economic Activity 1: 275–326.
  • Mankiw, N. G. 2000. “The Savers-Spenders Theory of Fiscal Policy.” American Economic Review 90 (2): 120–125.
  • Mankiw, N. G., D. Romer, and D. N. Weil. 1992. “A Contribution to the Empirics of Economic Growth.” The Quarterly Journal of Economics 107 (2): 407–437.
  • Panizza, U., and A. F. Presbitero. 2013. “Public Debt and Economic Growth in Advanced Economies: A Survey.” Swiss Journal of Economics and Statistics 149 (2): 175–204.
  • Ramos-Herrera, M. C., and S. Sosvilla-Rivero. 2017. “An Empirical Characterization of the Effects of Public Debt on Economic Growth.” Applied Economics 49 (35): 3495–3508.
  • Ramsey, F. P. 1928. “A Mathematical Theory of Saving.” The Economic Journal 38 (152): 543–559.
  • Reinhart, C. M., and K. S. Rogoff. 2013. “Financial and Sovereign Debt Crises: Some Lessons Learned and Those Forgotten.” IMF Working Paper no.WP/13/266, Washington, D.C.: International Monetary Fund.
  • Reinhart, C. M., K. S. Rogoff, and M. A. Savastano. 2003. “Debt Intolerance.” Brookings Papers on Economic Activity 2003: 1–74.
  • Romer, D. 2012. Advanced Macroeconomics. 4th ed. New York: McGraw-Hill.
  • Shapiro, M. D., and J. Slemrod. 2003. “Consumer Response to Tax Rebates.” American Economic Review 93 (1): 381–396.
  • Solow, R. M. 1956. “A Contribution to the Theory of Economic Growth.” The Quarterly Journal of Economics 70 (1): 65–94.
  • Weil, P. 1989. “Overlapping Families of Infinitely-Lived Agents.” Journal of Public Economics 38 (2): 183–198.