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Public Debt and Aggregate Demand: Some Unconventional Analytics

  • Roberto Ciccone
Chapter

Abstract

This chapter explores some basic questions about the effects on the economic system of financing public expenditure by issuing debt. It develops within a theoretical framework differing from that which is currently predominant both in pure theory and in applications to specific problems such as those addressed here. In particular, the approach in this chapter rests on two basic and closely related premises.

Keywords

Fiscal Policy Public Expenditure Private Investment Public Debt Public Spending 
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© contributors 2013

Authors and Affiliations

  • Roberto Ciccone

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