Sustainability and Optimality of Public Debt (Record no. 51353)
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| 000 -LEADER | |
|---|---|
| fixed length control field | 02770nam a22005055i 4500 |
| 001 - CONTROL NUMBER | |
| control field | 978-3-642-32967-8 |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20200420211752.0 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
| fixed length control field | 121213s2013 gw | s |||| 0|eng d |
| 020 ## - INTERNATIONAL STANDARD BOOK NUMBER | |
| ISBN | 9783642329678 |
| -- | 978-3-642-32967-8 |
| 082 04 - CLASSIFICATION NUMBER | |
| Call Number | 336 |
| 100 1# - AUTHOR NAME | |
| Author | Carlberg, Michael. |
| 245 10 - TITLE STATEMENT | |
| Title | Sustainability and Optimality of Public Debt |
| 250 ## - EDITION STATEMENT | |
| Edition statement | 2nd ed. 2013. |
| 300 ## - PHYSICAL DESCRIPTION | |
| Number of Pages | XII, 212 p. |
| 505 0# - FORMATTED CONTENTS NOTE | |
| Remark 2 | 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. |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc | 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. |
| 700 1# - AUTHOR 2 | |
| Author 2 | Hansen, Arne. |
| 856 40 - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | http://dx.doi.org/10.1007/978-3-642-32967-8 |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Koha item type | eBooks |
| 264 #1 - | |
| -- | Berlin, Heidelberg : |
| -- | Springer Berlin Heidelberg : |
| -- | Imprint: Physica, |
| -- | 2013. |
| 336 ## - | |
| -- | text |
| -- | txt |
| -- | rdacontent |
| 337 ## - | |
| -- | computer |
| -- | c |
| -- | rdamedia |
| 338 ## - | |
| -- | online resource |
| -- | cr |
| -- | rdacarrier |
| 347 ## - | |
| -- | text file |
| -- | |
| -- | rda |
| 650 #0 - SUBJECT ADDED ENTRY--SUBJECT 1 | |
| -- | Macroeconomics. |
| 650 #0 - SUBJECT ADDED ENTRY--SUBJECT 1 | |
| -- | International economics. |
| 650 #0 - SUBJECT ADDED ENTRY--SUBJECT 1 | |
| -- | Public finance. |
| 650 #0 - SUBJECT ADDED ENTRY--SUBJECT 1 | |
| -- | Economic growth. |
| 650 14 - SUBJECT ADDED ENTRY--SUBJECT 1 | |
| -- | Economics. |
| 650 24 - SUBJECT ADDED ENTRY--SUBJECT 1 | |
| -- | Public Economics. |
| 650 24 - SUBJECT ADDED ENTRY--SUBJECT 1 | |
| -- | Economic Growth. |
| 650 24 - SUBJECT ADDED ENTRY--SUBJECT 1 | |
| -- | International Economics. |
| 650 24 - SUBJECT ADDED ENTRY--SUBJECT 1 | |
| -- | Macroeconomics/Monetary Economics//Financial Economics. |
| 912 ## - | |
| -- | ZDB-2-SBE |
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