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Sustainability and Optimality of Public Debt

Bag om Sustainability and Optimality of Public Debt

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.

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  • Sprog:
  • Engelsk
  • ISBN:
  • 9783642446306
  • Indbinding:
  • Paperback
  • Sideantal:
  • 212
  • Udgivet:
  • 29. januar 2015
  • Udgave:
  • 22013
  • Størrelse:
  • 155x235x12 mm.
  • Vægt:
  • 454 g.
  • 8-11 hverdage.
  • 23. november 2024

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Beskrivelse af Sustainability and Optimality of Public Debt

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.

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