This chapter surveys the literature on the macroeconomic effects of government debt. It
begins by discussing the data on debt and deficits, including the historical time series …

This paper presents and develops a quantitative method of literature reviewing and
evaluating empirical research, meta-regression analysis or MRA. Economics is theory …

This paper considers the relationship between aggregate productivity and stock and flow
government-spending variables. The empirical results indicate that (i) the nonmilitary public …

Models of giving have often been based on altruism. Examples include charity and
intergenerational transfers. The literatures on both subjects have centered around neutrality …

The central focus of this paper is on the question: does higher public capital accumulation
'crowd out'private investment? Higher public capital accumulation raises the national …

There are four sets of questions that fiscal indicators can help answer:(1) Of the changes in
the fiscal position, what part is due to changes in the economic environment and what part is …

Generally speaking, there are three schools of thought concerning the economic effects of
budget deficits: Neoclassical, Keynesian, and Ricardian. It is remarkable that from among …

THIS PAPER CONCERNS the theory and practice of taxation in poor countries. We should
ask at the outset whether the analyses of taxation for developed and less-developed …

A FREQUENT THEME of policy discus-sion is the peril of the public debt. News reports
alternately sober and frantic regularly point to government debt as a major cause of …

Inter-generational transfers are at the center of economic policy debates today. Reducing
public debt; financing social security; taxing capital and bequests; and designing the …