rdf-syntax-grammar
mods:
  schema location: http://www.loc.gov/mods/v3 http://www.loc.gov/standards/mods/v3/mods-3-2.xsd
  title info:
    title: Sustainability and Optimality of Public Debt
  name:
    name part: Carlberg, Michael.
    role:
      role term: creator
    role:
      role term: author.
  name:
    name part: Hansen, Arne.
    role:
      role term: author.
  name:
    name part: SpringerLink (Online service)
  type of resource: text
  origin info:
    place:
      place term: gw
    date issued: 2013
    edition: 2nd ed. 2013.
    issuance: monographic
  language:
    language term: eng
  physical description:
    form: electronic
    form: electronic resource
    reformatting quality: access
    form: remote
    extent: XII, 212 p. online resource.
  abstract: 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. 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.
  table of contents: Introduction -- 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.
  note: by Michael Carlberg, Arne Hansen.
  subject:
    topic: Macroeconomics
  subject:
    topic: International economics
  subject:
    topic: Public finance
  subject:
    topic: Economic growth
  subject:
    topic: Economics
  subject:
    topic: Public Economics
  subject:
    topic: Economic Growth
  subject:
    topic: International Economics
  subject:
    topic: Macroeconomics/Monetary Economics//Financial Economics
  classification: HJ9-9940
  classification: 336
  related item:
    title info:
      title: Springer eBooks
  identifier: 9783642329678
  identifier: http://dx.doi.org/10.1007/978-3-642-32967-8
  record info:
    record creation date: 121213
    record change date: 20151204173804.0
    record identifier: 978-3-642-32967-8