Download the full paper here:
The Relationship Between High Debt Levels and Economic Stagnation, Explained by a Simple Cash Flow Model of the Economy
For completeness, I have put the two parts of my paper together.
The first part described the model, simulated results, and also did a number of empirical studies of how debt impacts growth across the developed world, leading to a partial parameterisation of the model. It then used the model to show solutions to our current economic stagnation.
The second part was a more robust derivation of the model from first principles; this enables the model to be used in a practical setting to predict GDP growth.
The Relationship Between High Debt Levels and Economic Stagnation, Explained by a Simple Cash Flow Model of the Economy
For completeness, I have put the two parts of my paper together.
The first part described the model, simulated results, and also did a number of empirical studies of how debt impacts growth across the developed world, leading to a partial parameterisation of the model. It then used the model to show solutions to our current economic stagnation.
The second part was a more robust derivation of the model from first principles; this enables the model to be used in a practical setting to predict GDP growth.
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