Sustainability and Optimality of Public Debt
Autor Michael Carlberg, Arne Hansenen Limba Engleză Paperback – 29 ian 2015
Toate formatele și edițiile | Preț | Express |
---|---|---|
Paperback (1) | 625.20 lei 6-8 săpt. | |
Springer Berlin, Heidelberg – 29 ian 2015 | 625.20 lei 6-8 săpt. | |
Hardback (1) | 631.27 lei 6-8 săpt. | |
Springer Berlin, Heidelberg – 14 dec 2012 | 631.27 lei 6-8 săpt. |
Preț: 625.20 lei
Preț vechi: 735.54 lei
-15% Nou
Puncte Express: 938
Preț estimativ în valută:
119.65€ • 124.29$ • 99.39£
119.65€ • 124.29$ • 99.39£
Carte tipărită la comandă
Livrare economică 03-17 februarie 25
Preluare comenzi: 021 569.72.76
Specificații
ISBN-13: 9783642446306
ISBN-10: 3642446302
Pagini: 224
Ilustrații: XII, 212 p.
Dimensiuni: 155 x 235 x 12 mm
Greutate: 0.35 kg
Ediția:2nd ed. 2013
Editura: Springer Berlin, Heidelberg
Colecția Physica
Locul publicării:Berlin, Heidelberg, Germany
ISBN-10: 3642446302
Pagini: 224
Ilustrații: XII, 212 p.
Dimensiuni: 155 x 235 x 12 mm
Greutate: 0.35 kg
Ediția:2nd ed. 2013
Editura: Springer Berlin, Heidelberg
Colecția Physica
Locul publicării:Berlin, Heidelberg, Germany
Public țintă
ResearchCuprins
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.
Notă biografică
Michael Carlberg is Professor at Helmut Schmidt University in Hamburg, Germany. His research is on Macroeconomics, Monetary Economics, and International Economics.
Arne Hansen is research assistant at Helmut Schmidt University in Hamburg, Germany. His research is on Economic Growth, Public Debt, and International Economics.
Arne Hansen is research assistant at Helmut Schmidt University in Hamburg, Germany. His research is on Economic Growth, Public Debt, and International Economics.
Textul de pe ultima copertă
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 that maximizes discounted utility. The analysis is conducted within the framework of the Solow model, the overlapping generations model and the infinite horizon model. The government can follow different strategies, it either fixes the deficit ratio or the tax rate. As a result, a fixed deficit ratio generally can be sustained. By contrast, a fixed tax rate generally cannot be sustained. 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.
Caracteristici
Numerous illustrations and examples help the reader to understand and proceed quickly The investigation covers the closed economy, the small open economy and a two-country setting The analysis includes the Solow model, the overlapping generations model and the infinite horizon model