Sustainability and Optimality of Public Debt:
Public debt seems to be one of the great issues of the nineties. The United States have turned from the largest creditor of the world to the largest debtor, due to dramatic budget deficits. The European Union tries to build dams against the flood, see the treaty of Maastricht. And in Germany, public...
Gespeichert in:
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Heidelberg
Physica-Verlag HD
1995
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Ausgabe: | 1st ed. 1995 |
Schriftenreihe: | Contributions to Economics
|
Schlagworte: | |
Online-Zugang: | BTU01 Volltext |
Zusammenfassung: | Public debt seems to be one of the great issues of the nineties. The United States have turned from the largest creditor of the world to the largest debtor, due to dramatic budget deficits. The European Union tries to build dams against the flood, see the treaty of Maastricht. And in Germany, public debt tends to explo de, doubling within a few years. The reason for this is the immense cost of Ger man unification. I had many helpful talks with my colleague Michael Schmid (now at Bam berg). In addition, Michael Brauninger and Philipp Lichtenauer carefully discus sed with me all parts of the manuscript. Last but not least, Doris Ehrich typed the manuscript as excellently as ever. I would like to thank all of them. Contents INTRODUCTION 3 5 BRIEF SURVEY OF THE LITERATURE PART I. CLOSED ECONOMY 9 CHAPTER I. SOLOW MODEL 11 1. Fixed Deficit Ratio 11 1. 1. Simple Model 11 1. 2. Short-Run Equilibrium 12 1. 3. Long-Run Equilibrium 14 1. 4. Optimal Deficit Ratio 18 1. 5. Optimal Saving Ratio 20 1. 6. Stability 21 1. 7. Shocks 23 1. 8. Budget Surplus 29 1. 9. Numerical Example 32 1. 10. Summary 37 2. Fixed Tax Rate 38 2. 1. Simple Model 38 2. 2. Short-Run Equilibrium 39 2. 3. Long-Run Equilibrium 40 2. 4. Stability 45 2. 5. Shocks 48 2. 6. Optimal Tax Rate 56 2. 7. Optimal Saving Ratio 57 2. 8. Numerical Example 58 2. 9 |
Beschreibung: | 1 Online-Ressource (X, 217 p) |
ISBN: | 9783642469657 |
DOI: | 10.1007/978-3-642-46965-7 |
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author | Carlberg, Michael |
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edition | 1st ed. 1995 |
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spelling | Carlberg, Michael Verfasser aut Sustainability and Optimality of Public Debt by Michael Carlberg 1st ed. 1995 Heidelberg Physica-Verlag HD 1995 1 Online-Ressource (X, 217 p) txt rdacontent c rdamedia cr rdacarrier Contributions to Economics Public debt seems to be one of the great issues of the nineties. The United States have turned from the largest creditor of the world to the largest debtor, due to dramatic budget deficits. The European Union tries to build dams against the flood, see the treaty of Maastricht. And in Germany, public debt tends to explo de, doubling within a few years. The reason for this is the immense cost of Ger man unification. I had many helpful talks with my colleague Michael Schmid (now at Bam berg). In addition, Michael Brauninger and Philipp Lichtenauer carefully discus sed with me all parts of the manuscript. Last but not least, Doris Ehrich typed the manuscript as excellently as ever. I would like to thank all of them. Contents INTRODUCTION 3 5 BRIEF SURVEY OF THE LITERATURE PART I. CLOSED ECONOMY 9 CHAPTER I. SOLOW MODEL 11 1. Fixed Deficit Ratio 11 1. 1. Simple Model 11 1. 2. Short-Run Equilibrium 12 1. 3. Long-Run Equilibrium 14 1. 4. Optimal Deficit Ratio 18 1. 5. Optimal Saving Ratio 20 1. 6. Stability 21 1. 7. Shocks 23 1. 8. Budget Surplus 29 1. 9. Numerical Example 32 1. 10. Summary 37 2. Fixed Tax Rate 38 2. 1. Simple Model 38 2. 2. Short-Run Equilibrium 39 2. 3. Long-Run Equilibrium 40 2. 4. Stability 45 2. 5. Shocks 48 2. 6. Optimal Tax Rate 56 2. 7. Optimal Saving Ratio 57 2. 8. Numerical Example 58 2. 9 International Economics Economic Growth International economics Economic growth Öffentliche Schulden (DE-588)4043153-8 gnd rswk-swf Makroökonomisches Modell (DE-588)4074486-3 gnd rswk-swf Neoklassisches Modell (DE-588)4115361-3 gnd rswk-swf Wachstumsmodell (DE-588)4127141-5 gnd rswk-swf Mehrgenerationenmodell (DE-588)4215762-6 gnd rswk-swf Solow-Modell (DE-588)4266747-1 gnd rswk-swf Öffentliche Schulden (DE-588)4043153-8 s Solow-Modell (DE-588)4266747-1 s Mehrgenerationenmodell (DE-588)4215762-6 s Wachstumsmodell (DE-588)4127141-5 s Neoklassisches Modell (DE-588)4115361-3 s DE-604 Makroökonomisches Modell (DE-588)4074486-3 s Erscheint auch als Druck-Ausgabe 9783790808346 Erscheint auch als Druck-Ausgabe 9783642469664 https://doi.org/10.1007/978-3-642-46965-7 Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Carlberg, Michael Sustainability and Optimality of Public Debt International Economics Economic Growth International economics Economic growth Öffentliche Schulden (DE-588)4043153-8 gnd Makroökonomisches Modell (DE-588)4074486-3 gnd Neoklassisches Modell (DE-588)4115361-3 gnd Wachstumsmodell (DE-588)4127141-5 gnd Mehrgenerationenmodell (DE-588)4215762-6 gnd Solow-Modell (DE-588)4266747-1 gnd |
subject_GND | (DE-588)4043153-8 (DE-588)4074486-3 (DE-588)4115361-3 (DE-588)4127141-5 (DE-588)4215762-6 (DE-588)4266747-1 |
title | Sustainability and Optimality of Public Debt |
title_auth | Sustainability and Optimality of Public Debt |
title_exact_search | Sustainability and Optimality of Public Debt |
title_exact_search_txtP | Sustainability and Optimality of Public Debt |
title_full | Sustainability and Optimality of Public Debt by Michael Carlberg |
title_fullStr | Sustainability and Optimality of Public Debt by Michael Carlberg |
title_full_unstemmed | Sustainability and Optimality of Public Debt by Michael Carlberg |
title_short | Sustainability and Optimality of Public Debt |
title_sort | sustainability and optimality of public debt |
topic | International Economics Economic Growth International economics Economic growth Öffentliche Schulden (DE-588)4043153-8 gnd Makroökonomisches Modell (DE-588)4074486-3 gnd Neoklassisches Modell (DE-588)4115361-3 gnd Wachstumsmodell (DE-588)4127141-5 gnd Mehrgenerationenmodell (DE-588)4215762-6 gnd Solow-Modell (DE-588)4266747-1 gnd |
topic_facet | International Economics Economic Growth International economics Economic growth Öffentliche Schulden Makroökonomisches Modell Neoklassisches Modell Wachstumsmodell Mehrgenerationenmodell Solow-Modell |
url | https://doi.org/10.1007/978-3-642-46965-7 |
work_keys_str_mv | AT carlbergmichael sustainabilityandoptimalityofpublicdebt |