Do large industrialized economies pursue sustainable debt policies? A comparative study for Japan, Germany and the United States
Fincke B, Greiner A (2011)
Japan and the World Economy 23(3): 202-213.
Zeitschriftenaufsatz
| Veröffentlicht | Englisch
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Abstract / Bemerkung
This paper analyzes the public debt situation in Japan, Germany and the United States by reflecting their respective debt history and by analyzing whether the governments pursue a sustainable debt policy. Starting point of the analysis are theoretical considerations about conditions guaranteeing sustainability of public debt. In the empirical estimations we allow for time-varying parameters to take into account changing government policies. The findings allow to conclude that for all selected countries there is evidence of sustainability of public debt although country specific characteristics of public finances need to be considered. (C) 2011 Elsevier B.V. All rights reserved.
Stichworte
Penalized spline;
Public debt;
Inter-temporal budget constraint;
estimation
Erscheinungsjahr
2011
Zeitschriftentitel
Japan and the World Economy
Band
23
Ausgabe
3
Seite(n)
202-213
ISSN
0922-1425
Page URI
https://pub.uni-bielefeld.de/record/2409555
Zitieren
Fincke B, Greiner A. Do large industrialized economies pursue sustainable debt policies? A comparative study for Japan, Germany and the United States. Japan and the World Economy. 2011;23(3):202-213.
Fincke, B., & Greiner, A. (2011). Do large industrialized economies pursue sustainable debt policies? A comparative study for Japan, Germany and the United States. Japan and the World Economy, 23(3), 202-213. https://doi.org/10.1016/j.japwor.2011.03.002
Fincke, Bettina, and Greiner, Alfred. 2011. “Do large industrialized economies pursue sustainable debt policies? A comparative study for Japan, Germany and the United States”. Japan and the World Economy 23 (3): 202-213.
Fincke, B., and Greiner, A. (2011). Do large industrialized economies pursue sustainable debt policies? A comparative study for Japan, Germany and the United States. Japan and the World Economy 23, 202-213.
Fincke, B., & Greiner, A., 2011. Do large industrialized economies pursue sustainable debt policies? A comparative study for Japan, Germany and the United States. Japan and the World Economy, 23(3), p 202-213.
B. Fincke and A. Greiner, “Do large industrialized economies pursue sustainable debt policies? A comparative study for Japan, Germany and the United States”, Japan and the World Economy, vol. 23, 2011, pp. 202-213.
Fincke, B., Greiner, A.: Do large industrialized economies pursue sustainable debt policies? A comparative study for Japan, Germany and the United States. Japan and the World Economy. 23, 202-213 (2011).
Fincke, Bettina, and Greiner, Alfred. “Do large industrialized economies pursue sustainable debt policies? A comparative study for Japan, Germany and the United States”. Japan and the World Economy 23.3 (2011): 202-213.
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