Text
The Sustainability and Optimality of Government Debt
The sustainability and optimality rules for government debt are derived within an intertemporal optimizing framework in which both capital and government debt are endogenous, driven by utility and profit-maximizing behavior of private agents and tax and expenditure policies of the government. The rules are expressed purely in terms of familiar economic parameters, and their ready applicability in an operational context is illustrated by instructive numerical examples. A discussion of the relationship between the optimality rule and the "golden rule" of savings in the literature is also provided.
Ketersediaan
| Call Number | Location | Available |
|---|---|---|
| SP3504 | PSB lt.dasar - Pascasarjana | 1 |
| Penerbit | Washington, D.C.: International monetary fund 1988 |
|---|---|
| Edisi | Vol. 35, No. 4, Dec., 1988 |
| Subjek | Economic Government debt Tax Expenditure policies Profit-maximizing behavior |
| ISBN/ISSN | 0020-8027 |
| Klasifikasi | NONE |
| Deskripsi Fisik | 28 p. |
| Info Detail Spesifik | Staff Papers (International Monetary Fund) |
| Other Version/Related | Tidak tersedia versi lain |
| Lampiran Berkas |