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van Wijnbergen, S.J.G. and Deepak, L. (1985). Government deficits, the real interest rate and Ldc debt European Economic Review, 29(2 (Nov)):157----.

  • Affiliated author
    Sweder van Wijnbergen
  • Publication year
    1985
  • Journal
    European Economic Review
View publication

A paper on a study that used a three-regions model of global saving-investment balance to present a global crowding out interpretation of economic trends. Presents details of the growth of social expenditures and structural public sector deficit; Gives information on changes of the age pyramid, including discussion of real wage rigidity in industrial countries.