Fiscal Stability of High-Debt Nations under Volatile Economic Conditions
NBER Working Paper No. 18797
---- Acknowledgements ----
Prepared for the symposium, "Government Debt in Democracies: Causes, Effects, and Limits" 30 November and 1 December 2012, sponsored by the Nationale Akademie der Wissenschaften, the Berlin- Brandenburgische Akademie der Wissenschaften, and the Freie Universität Berlin. The Hoover Institution supported this research. It is also part of the National Bureau of Economic Research's Economic Fluctuations and Growth program. I am grateful to Arvind Krishnamurthy, my discussant Carl Christian von Weizsäcker, and participants in the symposium for helpful comments. The views expressed herein are those of the author and do not necessarily reflect the views of the National Bureau of Economic Research.