Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/340684 
Year of Publication: 
2022
Citation: 
[Journal:] Journal of Government and Economics (JGE) [ISSN:] 2667-3193 [Volume:] 5 [Article No.:] 100029 [Year:] 2022 [Pages:] 1-3
Publisher: 
Elsevier, Amsterdam
Abstract: 
When a governmental crisis subsides, citizens are apt to wonder whether all the deficit spending is going to cost something. This situation is the subject of wildly differing views. Which view appears to be most nearly right? The Keynesian view that public debt serves to pull up employment, thus reducing the unemployment rate and inducing higher participation? Or the neoclassical view that public debt sets the capital stock onto a lower path, thus decreasing the labor force and employment?
JEL: 
H62
H63
E22
E21
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Article

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