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The Effect of Government Spending on the Debt-to-GDP Ratio: Some Keynesian Arithmetic

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  • Pedro Leão

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  • Pedro Leão, 2013. "The Effect of Government Spending on the Debt-to-GDP Ratio: Some Keynesian Arithmetic," Metroeconomica, Wiley Blackwell, vol. 64(3), pages 448-465, July.
    • Handle: RePEc:bla:metroe:v:64:y:2013:i:3:p:448-465
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    References listed on IDEAS

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    1. Wynne Godley & Marc Lavoie, 2012. "Fiscal Policy in a Stock-Flow Consistent (SFC) Model," Palgrave Macmillan Books, in: Marc Lavoie & Gennaro Zezza (ed.), The Stock-Flow Consistent Approach, chapter 9, pages 194-215, Palgrave Macmillan.
    2. Bill Martin, 2008. "Fiscal policy in a stock-flow consistent model: a comment," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 30(4), pages 649-668, July.
    3. Soon Ryoo & Peter Skott, 2013. "Public debt and full employment in a stock-flow consistent model of a corporate economy," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 35(4), pages 511-528.
    4. Olivier Blanchard & Roberto Perotti, 2002. "An Empirical Characterization of the Dynamic Effects of Changes in Government Spending and Taxes on Output," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 117(4), pages 1329-1368.
    5. Carmen M. Reinhart & Kenneth S. Rogoff, 2010. "Growth in a Time of Debt," American Economic Review, American Economic Association, vol. 100(2), pages 573-578, May.
    6. Philip Arestis & Malcolm Sawyer, 2010. "The return of fiscal policy," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 32(3), pages 327-346, April.
    7. Philip Arestis & Malcolm Sawyer, 2004. "On the Effectiveness of Monetary Policy and of Fiscal Policy," Review of Social Economy, Taylor & Francis Journals, vol. 62(4), pages 441-463.
    8. Schlicht, Ekkehart, 2004. "Public Debt as Private Wealth," Discussion Papers in Economics 371, University of Munich, Department of Economics.
    9. Christina D. Romer & David H. Romer, 2010. "The Macroeconomic Effects of Tax Changes: Estimates Based on a New Measure of Fiscal Shocks," American Economic Review, American Economic Association, vol. 100(3), pages 763-801, June.
    10. Emi Nakamura & J?n Steinsson, 2014. "Fiscal Stimulus in a Monetary Union: Evidence from US Regions," American Economic Review, American Economic Association, vol. 104(3), pages 753-792, March.
    11. Ekkehart Schlicht, 2006. "Public Debt As Private Wealth: Some Equilibrium Considerations," Metroeconomica, Wiley Blackwell, vol. 57(4), pages 494-520, November.
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