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From the same journal

Maximum Sustainable Government Debt in the Perpetual Youth Model

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Maximum Sustainable Government Debt in the Perpetual Youth Model. / Rankin, Neil.

In: Bulletin of Economic Research, Vol. Early Online, No. n/a, 2013, p. n/a.

Research output: Contribution to journal › Article

Harvard

Rankin, N 2013, 'Maximum Sustainable Government Debt in the Perpetual Youth Model', Bulletin of Economic Research, vol. Early Online, no. n/a, pp. n/a. https://doi.org/10.1111/j.1467-8586.2012.00475.x

APA

Rankin, N. (2013). Maximum Sustainable Government Debt in the Perpetual Youth Model. Bulletin of Economic Research, Early Online(n/a), n/a. https://doi.org/10.1111/j.1467-8586.2012.00475.x

Vancouver

Rankin N. Maximum Sustainable Government Debt in the Perpetual Youth Model. Bulletin of Economic Research. 2013;Early Online(n/a):n/a. https://doi.org/10.1111/j.1467-8586.2012.00475.x

Author

Rankin, Neil. / Maximum Sustainable Government Debt in the Perpetual Youth Model. In: Bulletin of Economic Research. 2013 ; Vol. Early Online, No. n/a. pp. n/a.

Bibtex - Download

@article{45210af5e9d04cef9fc1f222362fb273,
title = "Maximum Sustainable Government Debt in the Perpetual Youth Model",
abstract = "The overlapping-generations model of Blanchard, based on a constant probability of death, is used to study the maximum level of government debt consistent with the existence of a steady state equilibrium. In both a small open and a closed economy it is shown that maximum sustainable debt robustly occurs where the consumption of individual households reaches zero, the limit of its feasible range. Taxation absorbs all of the household's labour income here. In a closed economy, at this point the real interest rate also hits a ‘ceiling’ given by a simple combination of preference parameters and the death probability.",
author = "Neil Rankin",
year = "2013",
doi = "10.1111/j.1467-8586.2012.00475.x",
language = "English",
volume = "Early Online",
pages = "n/a",
journal = "Bulletin of Economic Research",
issn = "0307-3378",
publisher = "Wiley-Blackwell",
number = "n/a",

}

RIS (suitable for import to EndNote) - Download

TY - JOUR

T1 - Maximum Sustainable Government Debt in the Perpetual Youth Model

AU - Rankin, Neil

PY - 2013

Y1 - 2013

N2 - The overlapping-generations model of Blanchard, based on a constant probability of death, is used to study the maximum level of government debt consistent with the existence of a steady state equilibrium. In both a small open and a closed economy it is shown that maximum sustainable debt robustly occurs where the consumption of individual households reaches zero, the limit of its feasible range. Taxation absorbs all of the household's labour income here. In a closed economy, at this point the real interest rate also hits a ‘ceiling’ given by a simple combination of preference parameters and the death probability.

AB - The overlapping-generations model of Blanchard, based on a constant probability of death, is used to study the maximum level of government debt consistent with the existence of a steady state equilibrium. In both a small open and a closed economy it is shown that maximum sustainable debt robustly occurs where the consumption of individual households reaches zero, the limit of its feasible range. Taxation absorbs all of the household's labour income here. In a closed economy, at this point the real interest rate also hits a ‘ceiling’ given by a simple combination of preference parameters and the death probability.

UR - http://www.scopus.com/inward/record.url?scp=84872440242&partnerID=8YFLogxK

U2 - 10.1111/j.1467-8586.2012.00475.x

DO - 10.1111/j.1467-8586.2012.00475.x

M3 - Article

VL - Early Online

SP - n/a

JO - Bulletin of Economic Research

JF - Bulletin of Economic Research

SN - 0307-3378

IS - n/a

ER -

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