中级宏观经济学Government Debt.pptVIP

Government Debt In this chapter, you will learn… 关于美国政府债务的规模，与其他国家相比，是怎样的。 度量预算赤字的问题。 关于政府债务的传统的观点和李嘉图Ricardian的观点。 其他的关于债务的观点。 Indebtedness of the world’s governments Ratio of U.S. govt debt to GDP The U.S. experience in recent years 1980s早期到 1990s早期 debt-GDP ratio: 25.5% in 1980, 48.9% in 1993 due to Reagan tax cuts, increases in defense spending entitlements 1990s早期 到2000年 $290b deficit in 1992, $236b surplus in 2000 debt-GDP ratio fell to 32.5% in 2000 due to rapid growth, stock market boom, tax hikes 从2001以来 the return of huge deficits, due to Bush tax cuts, 2001 recession, Iraq war Th