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Public Debt And Endogenous Growth

ISBN 9783790800562
REGISTERED: 12/09/17
UPDATED: 06/20/21
Public Debt And Endogenous Growth

This book considers public debt dynamics in various endogenous growth models, namely the AK model and explicit models of innovation and human capital accumulation

  • Public Debt And Endogenous Growth available on March 22 2017 from Indigo for 167.95
  • ISBN bar code 9783790800562 ξ1 registered March 22 2017
  • Product category is Book

  • # 978379080056

Furthermore, the closed economy, the small open economy and a two-country world are analysed. In the closed economy model, the focus is on budget deficit and public debt dynamics and their influence on capital growth and output growth. Then, in the open economy model, the effects on foreign debt growth are considered. In a two-country setting, public debt growth in one country affects growth in the other country. In each scenario the government either fixes the deficit ratio or the tax rate. For both strategies the steady state is derived and stability is analysed. Then, dynamics induced by various shocks and policy measures are explored. Many diagrams illustrate the dynamics.

    ^ Public Debt And Endogenous Growth Indigo. (revised Mar 2017)

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