wealth effects of public debt in open economies

Jäger, Albert and Keuschnigg, Christian (November 1990) wealth effects of public debt in open economies. Former Series > Forschungsberichte / Research Memoranda 274


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abstract: 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.;

Item Type: IHS Series
Date Deposited: 26 Sep 2014 10:34
Last Modified: 01 Apr 2016 14:07
URI: https://irihs.ihs.ac.at/id/eprint/274

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