Sustainability and Optimality of Public Debt

• Main Authors: Carlberg, Michael. (Author), Hansen, Arne. (Author)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic
• Language: English
• Published: Berlin, Heidelberg : Springer Berlin Heidelberg : Imprint: Physica, 2013.
• Edition: 2nd ed. 2013.
• Subjects: Economics.; Endogenous growth (Economics).; International economics.; Finance.; Economics/Management Science.; Public Finance & Economics.; Economic Growth.; International Economics.; Financial Economics.
• Online Access: https://ezaccess.library.uitm.edu.my/login?url=http://dx.doi.org/10.1007/978-3-642-32967-8

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. Sustainability refers to the existence and the stability of the long-run equilibrium. Optimality relates to the path of public debt tha...

Table of Contents:

• Introduction
• A Brief Survey of the Literature
• The Closed Economy: The Solow Model
• Overlapping Generations
• Infinite Horizon
• The Small Open Economy: The Solow Model
• Overlapping Generations
• Two Countries: The Solow Model
• Synopsis
• Conclusion
• Result.