01662cas a2200241 a 4500 AALejournalIMF009012 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451841978 1018-5941 BD-DhAAL BD-DhAAL Asilis, Carlos. The U.S. Public Debt : Implications for Growth / Carlos Asilis. Washington, D.C. : International Monetary Fund, 1994. 1 online resource (36 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The increase in the U.S. public debt over the past twelve years raises questions about its implications for investment and economic growth. This paper places these developments within an international and historical context and quantitatively examines the implications of various measures of the current U.S. public debt-to-GDP ratio on economic growth. The analysis is undertaken through extensions of recently developed endogenous growth models. The results suggest that while higher levels of the public debt may affect long-run economic growth negatively, the order of magnitude is not large enough to be a cause for serious concern. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1994/004 Full text available on IMF http://elibrary.imf.org/view/journals/001/1994/004/001.1994.issue-004-en.xml IMF e-Library