What is it about?
This paper studies growth effects from different deficit policies and whether lock-in effects can arise
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Why is it important?
It demonstrates that deficit policies can affect the growth performance of economies
Perspectives
The paper analyzes a basic endogenous growth model with poductive public spending allowing for public debt and deficits and highlights the effects of different debt policies
Professor Alfred Greiner
Bielefeld University
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This page is a summary of: Public Debt, Productive Public Spending and Endogenous Growth, Japanese Economic Review, July 2015, Springer Science + Business Media,
DOI: 10.1111/jere.12077.
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