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Titel
Sustainable debt policy rules and growth in a small open economy model: is a balanced government budget worthwhile? / Fabienne Lara Dascher
VerfasserDascher, Fabienne Lara
ErschienenBielefeld, Germany : Universität Bielefeld, Faculty of Business Administration and Economics, December 2019
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Elektronische Ressource
Umfang1 Online-Ressource (34 Seiten) : Diagramme
SerieWorking papers in economics and management ; No. 14-2019
URNurn:nbn:de:hbz:6:2-129707 
DOI10.4119/unibi/2939849 
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Sustainable debt policy rules and growth in a small open economy model: is a balanced government budget worthwhile? [0.59 mb]
Zusammenfassung

In this paper our objective is to analyze sustainable debt policy rules and economic growth using a model of endogenous economic growth theory. For the government it is possible to run into debt, but, the primary surplus is a positive linear function of the debt-to-GDP ratio which guarantees that public debt is sustainable. We analyze di erent sustainable debt policies in this small open economy model of endogenous growth with public capital accumulation, as well we take transitions into account. We investigate the characteristics and stability of the steady state and we analyze the e ects on welfare for the di erent debt policies.

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