Sustainability and Optimality of Public Debt formatIsbn:Softcover - 9783642446306 1826 veröffentliche Humboldt ein Essay

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Sustainability and Optimality of Public Debt formatIsbn:Softcover - 9783642446306 1826 veröffentliche Humboldt ein EssayThis 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