|Has page=Alesina Drazen (1991) - Why Are Stabilizations Delayed
|Has bibtex key=
|Has article title=Why Are Stabilizations Delayed
|Has author=Alesina Drazen
|Has year=1991
|In journal=
|In volume=
|In number=
|Has pages=
|Has publisher=
}}
*This page is referenced in [[BPP Field Exam Papers]]
Denoting <math>g_0\,</math> as the level of expenditure, debt <math>b(t)\,</math> evolves according to:
<math>\underbrace{\frac{db}{dt}}_{\mbox{Change in debt}} = \underbraceoverbrace{(1-\gamma)}_^{\mbox{deficit}}\times\underbrace{[rb(t) + g_0]}_{\mbox{Total government spending}}\,</math>