This paper estimates the distributional and social consequences of Department of Defense (DOD) contract spending using a city-level (CBSA) panel dataset spanning 2005–2016. The research question is …
Sorting about 3,700 annual observations from 44 countries over roughly two centuries into four debt-to-GDP buckets, the authors find little relationship between public debt and growth below 90 percent …
The paper addresses two questions about government debt rollover. First, a positive question: what is the maximum ratio of government bonds to capital that can be sustained forever without any primary …