Public debt has become a severe problem for a great many economies. The theoretical analysis is complemented with empirical time series analyses on debt sustainability and with panel studies dealing with the relationship between public debt and economic growth.
Introduction.- Sustainable Public Debt: Theory and Empirical Evidence.- Debt and Growth: A Basic Endogenous Growth Model.- Productive Government Spending, Public Debt and Growth.- Government Debt and Human Capital Formation.- Debt and Growth: Empirical Evidence.- Conclusion.