| 书目名称 | Sustainability and Optimality of Public Debt | | 编辑 | Michael Carlberg,Arne Hansen | | 视频video | | | 概述 | Numerous illustrations and examples help the reader to understand and proceed quickly.The investigation covers the closed economy, the small open economy and a two-country setting.The analysis include | | 图书封面 |  | | 描述 | This book studies the sustainability and optimality of public debt under different scenarios: the closed economy, the small open economy, and a two-country setting. Sustainability refers to the existence and the stability of the long-run equilibrium. Optimality relates to the path of public debt that maximizes discounted utility. The analysis is conducted within the framework of the Solow model, the overlapping generations model and the infinite horizon model. The government can follow different strategies, it either fixes the deficit ratio or the tax rate. As a result, a fixed deficit ratio generally can be sustained. By contrast, a fixed tax rate generally cannot be sustained. Depending on the chosen fiscal strategy, there exists either an optimal deficit ratio or an optimal tax rate that maximizes the sum of consumption and government purchases per capita. | | 出版日期 | Book 2013Latest edition | | 关键词 | Economic Growth; Fiscal Policy; International Economy; Public Debt; Public Finance | | 版次 | 2 | | doi | https://doi.org/10.1007/978-3-642-32967-8 | | isbn_softcover | 978-3-642-44630-6 | | isbn_ebook | 978-3-642-32967-8 | | copyright | Springer-Verlag Berlin Heidelberg 2013 |
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发表于 2025-3-21 16:14:40
