Economic growth with constraints on tax revenues and public debt: implications for fiscal policy and cross-country differences

e statements apply to a transition of finite duration rather than an instantaneous stock jump. With either a binding exogenous debt limit or solvency constrained borrowing, a more patient country will have a higher steady-state growth rate but a lower steady-state public-to-private capital ratio.

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Bibliographische Detailangaben
Hauptverfasser: Aizenman, Joshua 1949- (VerfasserIn), Kletzer, Kenneth (VerfasserIn), Pinto, Brian 1954- (VerfasserIn)
Format: Buch
Sprache:English
Veröffentlicht: Cambridge, Mass. National Bureau of Economic Research 2007
Schriftenreihe:Working paper series / National Bureau of Economic Research 12750
Online-Zugang:Volltext
Zusammenfassung:e statements apply to a transition of finite duration rather than an instantaneous stock jump. With either a binding exogenous debt limit or solvency constrained borrowing, a more patient country will have a higher steady-state growth rate but a lower steady-state public-to-private capital ratio.
Beschreibung:Literaturverz. S. 21
Beschreibung:28 S. 22 cm

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