Research At SCEPA
Fiscal Deficits, Economic Growth, and Government Debt in the USA
WORKING PAPER | A simple model illustrates interactions between the "primary" fiscal deficit (total deficit minus interest payments), economic growth, and debt.
Fiscal Deficits in the U.S. and Europe and the Link with Interest Rates
WORKING PAPER | This paper has revisits the question of whether rising deficits increase interest rates, and whether deficit-cutting (and balanced-budget) policies are conducive to economic growth.