The IRPP very kindly supplemented the Crabtree Foundation's grant and shepherded the project through the original conference all the way to the publication of this book. [...] Changes in the debt-to-GDP ratio caused by the effect that changes in the level of economic activity have on the govern- ment's spending and tax revenues The rate component. [...] Changes in the debt-to-GDP ratio caused by changes in the interest rate that must be paid to service the existing stock of government debt, relative to the rate of growth of GDP. [...] In contrast, an increase in the growth rate of GDP means that the denominator of the debt-to-GDP ratio is growing faster, and thus the ratio itself tends to fall. [...] As such, it does not attempt to model the interaction between cyclical and structural deficits, on the one hand, and the level of interest rates and the rate of growth of the econ- omy, on the other.
Authors
- Bibliography, etc. Note
- Includes bibliographical references
- Control Number Identifier
- CaOOCEL
- Dewey Decimal Classification Number
- 336.3/4/0971
- Dewey Decimal Edition Number
- 22
- General Note
- Based on papers presented at a conference held Oct. 2002 at McGill University Issued as part of the desLibris books collection
- Geographic Area Code
- n-cn---
- ISBN
- 9781459300224 0886452066
- LCCN
- HJ8513
- LCCN Item number
- I8 2004eb
- Modifying agency
- CaBNVSL
- Original cataloging agency
- CaOONL
- Physical Description | Extent
- 1 electronic text (ii, 365 p.)
- Publisher or Distributor Number
- CaOOCEL
- Rights
- Access restricted to authorized users and institutions
- System Control Number
- (CaBNVSL)thg00600049 (OCoLC)243614189 (CaOOCEL)415353
- System Details Note
- Mode of access: World Wide Web
- Transcribing agency
- CaOONL
Table of Contents
- Contents 6
- Acknowledgements 8
- Introduction and summary 10
- 1 How Big is the Debt? 56
- Comments 90
- 2 Where Did the Debt Come From? 96
- Comments 136
- 3 What Do We Get for Public Indebtedness? 142
- Comments 172
- 4 Does the Debt Matter? 182
- Comments 206
- 5 What Does the Debt Cost Us? 216
- Comments 244
- 6 What Should We Do About the Debt? 252
- Comments 278
- 7 How Should We Manage the Debt? 288
- Comments 314
- 8 Do We Need Fiscal Rules? 322
- Comments 338
- Afterword What is the Real Issue in the Debt Debate? 344
- Is the Debt War Over? What Have We Learned? 360
- Notes on contributors 369