Sustainable Debt Policy Rules and Growth in a Small Open Economy Model: Is a Balanced Government Budget Worthwhile?
Dascher FL (2020)
Comparative Economic Studies 62(3): 373-397.
Zeitschriftenaufsatz
| 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
2020
Zeitschriftentitel
Comparative Economic Studies
Band
62
Ausgabe
3
Seite(n)
373-397
ISSN
0888-7233
eISSN
1478-3320
Page URI
https://pub.uni-bielefeld.de/record/2945610
Zitieren
Dascher FL. Sustainable Debt Policy Rules and Growth in a Small Open Economy Model: Is a Balanced Government Budget Worthwhile? Comparative Economic Studies . 2020;62(3):373-397.
Dascher, F. L. (2020). Sustainable Debt Policy Rules and Growth in a Small Open Economy Model: Is a Balanced Government Budget Worthwhile? Comparative Economic Studies , 62(3), 373-397. doi:10.1057/s41294-020-00130-3
Dascher, Fabienne Lara. 2020. “Sustainable Debt Policy Rules and Growth in a Small Open Economy Model: Is a Balanced Government Budget Worthwhile?”. Comparative Economic Studies 62 (3): 373-397.
Dascher, F. L. (2020). Sustainable Debt Policy Rules and Growth in a Small Open Economy Model: Is a Balanced Government Budget Worthwhile? Comparative Economic Studies 62, 373-397.
Dascher, F.L., 2020. Sustainable Debt Policy Rules and Growth in a Small Open Economy Model: Is a Balanced Government Budget Worthwhile? Comparative Economic Studies , 62(3), p 373-397.
F.L. Dascher, “Sustainable Debt Policy Rules and Growth in a Small Open Economy Model: Is a Balanced Government Budget Worthwhile?”, Comparative Economic Studies , vol. 62, 2020, pp. 373-397.
Dascher, F.L.: Sustainable Debt Policy Rules and Growth in a Small Open Economy Model: Is a Balanced Government Budget Worthwhile? Comparative Economic Studies . 62, 373-397 (2020).
Dascher, Fabienne Lara. “Sustainable Debt Policy Rules and Growth in a Small Open Economy Model: Is a Balanced Government Budget Worthwhile?”. Comparative Economic Studies 62.3 (2020): 373-397.
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