You can manage bookmarks using lists, please log in to your user account for this.
Media type:
E-Book;
Report
Title:
The interplay of interest rates and debt-financed government spending
Contributor:
Dahlby, Bev G.
[Author];
Ferede, Ergete
[Author]
imprint:
Munich: CESifo GmbH, 2023
Language:
English
Origination:
Footnote:
Diese Datenquelle enthält auch Bestandsnachweise, die nicht zu einem Volltext führen.
Description:
Proponents focus on the average fiscal cost of program spending when the interest rate on government debt is less than the economy's growth rate. They ignore the potentially large marginal fiscal cost of deficit-financed increases in spending that arise when a higher public debt increases interest rates on government debt and lowers growth rates.