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Sustainability and Optimality of Public Debt

BuchGebunden
212 Seiten
Englisch
Springererschienen am14.12.20122. Aufl.
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. 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.mehr
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Produkt

KlappentextThis book studies the sustainability and optimality of public debt under different scenarios: the closed economy, the small open economy, and a two-country setting. 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.
ZusammenfassungUsing 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 economy, the small open economy, and a two-country setting.
Details
ISBN/GTIN978-3-642-32966-1
ProduktartBuch
EinbandartGebunden
Verlag
Erscheinungsjahr2012
Erscheinungsdatum14.12.2012
Auflage2. Aufl.
Seiten212 Seiten
SpracheEnglisch
Gewicht472 g
IllustrationenXII, 212 p.
Artikel-Nr.15305042
Rubriken
GenreWirtschaft

Inhalt/Kritik

Inhaltsverzeichnis
Introduction.- A Brief Survey of the Literature.- 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.mehr

Autor

Michael Carlberg is Professor at Helmut Schmidt University in Hamburg, Germany. His research is on Macroeconomics, Monetary Economics, and International Economics.Arne Hansen is research assistant at Helmut Schmidt University in Hamburg, Germany. His research is on Economic Growth, Public Debt, and International Economics.