000 | 02800nam a22005057a 4500 | ||
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001 | sulb-eb0024153 | ||
003 | BD-SySUS | ||
005 | 20160413122426.0 | ||
007 | cr nn 008mamaa | ||
008 | 121213s2013 gw | s |||| 0|eng d | ||
020 |
_a9783642329678 _9978-3-642-32967-8 |
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024 | 7 |
_a10.1007/978-3-642-32967-8 _2doi |
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050 | 4 | _aHJ9-9940 | |
072 | 7 |
_aKFFD _2bicssc |
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072 | 7 |
_aBUS051000 _2bisacsh |
|
082 | 0 | 4 |
_a336 _223 |
100 | 1 |
_aCarlberg, Michael. _eauthor. |
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245 | 1 | 0 |
_aSustainability and Optimality of Public Debt _h[electronic resource] / _cby Michael Carlberg, Arne Hansen. |
250 | _a2nd ed. 2013. | ||
264 | 1 |
_aBerlin, Heidelberg : _bSpringer Berlin Heidelberg : _bImprint: Physica, _c2013. |
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300 |
_aXII, 212 p. _bonline resource. |
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336 |
_atext _btxt _2rdacontent |
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337 |
_acomputer _bc _2rdamedia |
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338 |
_aonline resource _bcr _2rdacarrier |
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347 |
_atext file _bPDF _2rda |
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505 | 0 | _aIntroduction -- 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. | |
520 | _aThis 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. | ||
650 | 0 | _aMacroeconomics. | |
650 | 0 | _aInternational economics. | |
650 | 0 | _aPublic finance. | |
650 | 0 | _aEconomic growth. | |
650 | 1 | 4 | _aEconomics. |
650 | 2 | 4 | _aPublic Economics. |
650 | 2 | 4 | _aEconomic Growth. |
650 | 2 | 4 | _aInternational Economics. |
650 | 2 | 4 | _aMacroeconomics/Monetary Economics//Financial Economics. |
700 | 1 |
_aHansen, Arne. _eauthor. |
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710 | 2 | _aSpringerLink (Online service) | |
773 | 0 | _tSpringer eBooks | |
776 | 0 | 8 |
_iPrinted edition: _z9783642329661 |
856 | 4 | 0 | _uhttp://dx.doi.org/10.1007/978-3-642-32967-8 |
912 | _aZDB-2-SBE | ||
942 |
_2Dewey Decimal Classification _ceBooks |
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999 |
_c46245 _d46245 |