Overview of the Main Theories on the Economic Effects of Public Indebtedness

Author:Irina Bilan

The paper briefly reviews the main theories formulated over time on the economic effects of public indebtedness, with the aim to highlight their common and divergent points, the arguments they rely upon, as well as their relevance, given the current economic environment. Three major views are considered, namely the classical one, the Keynesian one and the view of neoliberal economists (monetarist ... (see full summary)

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