Sustainable Debt Policy Rules and Growth in a Small Open Economy Model: Is a balanced government budget worthwhile?

Dascher FL (2019) Universität Bielefeld Working Papers in Economics and Management; 14-2019.
Bielefeld: Bielefeld University, Department of Business Administration and Economics.

Diskussionspapier | Veröffentlicht | Englisch
 
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Abstract / Bemerkung
In this paper our objective is to analyze sustainable debt policy rules and economic growth using a model of endogenous economic growth theory. For the government it is possible to run into debt, but, the primary surplus is a positive linear function of the debt-to-GDP ratio which guarantees that public debt is sustainable. We analyze different sustainable debt policies in this small open economy model of endogenous growth with public capital accumulation, as well we take transitions into account. We investigate the characteristics and stability of the steady state and we analyze the effects on welfare for the different debt policies.
Stichworte
Public Debt; Fiscal Sustainability; Economic Growth; Small Open Economy Model
Erscheinungsjahr
2019
Band
14-2019
Seite(n)
36
ISSN
2196-2723
Page URI
https://pub.uni-bielefeld.de/record/2939849

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Dascher FL. Sustainable Debt Policy Rules and Growth in a Small Open Economy Model: Is a balanced government budget worthwhile?. Universität Bielefeld Working Papers in Economics and Management. Vol 14-2019. Bielefeld: Bielefeld University, Department of Business Administration and Economics; 2019.
Dascher, F. L. (2019). Sustainable Debt Policy Rules and Growth in a Small Open Economy Model: Is a balanced government budget worthwhile? (Universität Bielefeld Working Papers in Economics and Management, 14-2019). Bielefeld: Bielefeld University, Department of Business Administration and Economics. doi:10.4119/unibi/2939849
Dascher, F. L. (2019). Sustainable Debt Policy Rules and Growth in a Small Open Economy Model: Is a balanced government budget worthwhile? Universität Bielefeld Working Papers in Economics and Management, 14-2019, Bielefeld: Bielefeld University, Department of Business Administration and Economics.
Dascher, F.L., 2019. Sustainable Debt Policy Rules and Growth in a Small Open Economy Model: Is a balanced government budget worthwhile?, Universität Bielefeld Working Papers in Economics and Management, no.14-2019, Bielefeld: Bielefeld University, Department of Business Administration and Economics.
F.L. Dascher, Sustainable Debt Policy Rules and Growth in a Small Open Economy Model: Is a balanced government budget worthwhile?, Universität Bielefeld Working Papers in Economics and Management, vol. 14-2019, Bielefeld: Bielefeld University, Department of Business Administration and Economics, 2019.
Dascher, F.L.: Sustainable Debt Policy Rules and Growth in a Small Open Economy Model: Is a balanced government budget worthwhile? Universität Bielefeld Working Papers in Economics and Management, 14-2019. Bielefeld University, Department of Business Administration and Economics, Bielefeld (2019).
Dascher, Fabienne Lara. Sustainable Debt Policy Rules and Growth in a Small Open Economy Model: Is a balanced government budget worthwhile?. Bielefeld: Bielefeld University, Department of Business Administration and Economics, 2019. Universität Bielefeld Working Papers in Economics and Management. 14-2019.
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2020-01-07T14:13:18Z
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