Sustainability and Optimality of Public Debt
Arne Hansen, Michael Carlberg
Springer-Verlag Berlin and Heidelberg GmbH & Co. KG, 2012
121,95 €On orderDelivery: 2-3 weeks
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. 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.
- ISBN-13
- 9783642329661
- ISBN-10
- 3642329667
- Publisher
- Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
- Year
- 2012
- Publication date
- 2012-12-14
- Pages
- 212
- Dimensions
- 235x155x