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Sustainability and optimality of public debt

Author: Michael Carlberg; Arne Hansen
Publisher: Heidelberg ; New York : Physica-Verlag, 2013.
Edition/Format:   eBook : Document : English : 2nd edView all editions and formats
Summary:
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  Read more...
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Details

Genre/Form: Electronic books
Additional Physical Format: Print version:
Carlberg, A.
Sustainability and optimality of public debt.
Heidelberg : Springer, 2012
(OCoLC)811411173
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Michael Carlberg; Arne Hansen
ISBN: 9783642329678 3642329675 9781283935227 1283935228
OCLC Number: 822569557
Description: 1 online resource : illustrations
Contents: The Closed Economy --
The Solow Model --
Overlapping Generations --
Infinite Horizon --
The Small Open Economy --
The Solow Model --
Overlapping Generations --
Two Countries --
The Solow Model --
Synopsis --
Conclusion --
Result.
Responsibility: Michael Carlberg, Arne Hansen.

Abstract:

Using the Solow model, the overlapping general generations model and the infinite horizons model, this book explores the sustainability and optimality of public debt under three scenarios: the closed  Read more...

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