Wealth effects of public debt in open economies
The paper studies the long-run effects of public debt accumulation on the capital stock and private sector wealth in a two country overlapping generations model. numerical simulation methods are used to solve the model. quantitative as well as qualitative effects depend critically on the size and op...| Link(s) zu Dokument(en): | IHS Publikation |
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| Hauptverfasser: | , |
| Format: | IHS Series NonPeerReviewed |
| Sprache: | Englisch |
| Veröffentlicht: |
institut fuer hoehere studien
1990
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| Zusammenfassung: | The paper studies the long-run effects of public debt accumulation on the capital stock and private sector wealth in a two country overlapping generations model. numerical simulation methods are used to solve the model. quantitative as well as qualitative effects depend critically on the size and openness of countries, the values of taste and technology parameters, and the type of tax employed to finance interest payments on newly incurred public debt.; |
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