Debt, Deficit and Economic Performance

Part 1 Theoretical developments: debt and deficits in alternative macroeconomic models, Robert Mundell; the debt money ratio - what are the limits?, Alvaro Rodriguez; government spending and national saving, John McCallum; finite horizons, infinite horizons and stock prices, Paul Evans. Part 2 International empirical evidence: the effects of industrial country fiscal policies on developing countries in the 1980s, Paul R. Masson and John F. Helliwell; the effects of the tax system on the impact of government debt, William Vickrey; alternative tax systems ad structural change, Margherita Carlucci et al; staggered wage setting and the international transmission of policy announcement effects, Steve Ambler; consumption, uncertainty and Ricardian equivalence, Jagdish Handa; the burden of government debt in an almost small open country, David F. Burgess. Part 3 The experience of selected countries: government budget and the Italian economy through the 1970s and 1980s, Mario Baldassarri and M.Gabriella Briotti; public sector debt and deficit in Greece, Yannis Stournaras; debt and deficits in Australia, Larry Sjaastad.