Debt policy rule, productive government spending, and multiple growth paths: a note

DOI10.1017/S1365100511000642MaRDI QIDQ2843418zbMATH OpenFDO

Authors Alexandru Minea, Patrick Villieu

Publication date 22 August 2013

Published in Macroeconomic Dynamics (Search for Journal in Brave)

zbMATH Keywords

multiplicityendogenous growthpublic debtpublic investmentdeficit

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Economic growth models (91B62)

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(7)

• Persistent deficit, growth, and indeterminacy
• Fiscal policy, debt constraint and expectations-driven volatility
• Introduction to financial frictions and debt constraints
• Growth and instability in a small open economy with debt
• On the (de)stabilization role of protectionism
• Endogenous debt-equity ratio and balance-sheet channel: implications for growth and welfare
• DEBT POLICY RULE, PRODUCTIVE GOVERNMENT SPENDING, AND MULTIPLE GROWTH PATHS

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