economy’s growth rate (1) 썸네일형 리스트형 The Interplay of Interest Rates and Debt-Financed Government Spending(23.1月)/Bev Dahlby外.EconPol Key Messages A favorable differential between the interest rate on government debt and the growth rate of the economy does not mean that debt-financed spending has low or no fiscal cost. Higher public sector debt levels can lead to higher real interest rates and lower economic growth rates, forcing the government to run a smaller primary deficit to stabilize the debt ratio. This will push up the.. 이전 1 다음