Bericht
The interplay of interest rates and debt-financed government spending
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.
- Language
-
Englisch
- Bibliographic citation
-
Series: EconPol Policy Brief ; No. 47
- Classification
-
Wirtschaft
- Event
-
Geistige Schöpfung
- (who)
-
Dahlby, Bev G.
Ferede, Ergete
- Event
-
Veröffentlichung
- (who)
-
CESifo GmbH
- (where)
-
Munich
- (when)
-
2023
- Handle
- Last update
-
10.03.2025, 11:43 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Bericht
Associated
- Dahlby, Bev G.
- Ferede, Ergete
- CESifo GmbH
Time of origin
- 2023
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