Croissance et endettement dans un modèle à deux pays
The interdependence of the world economy is studied in a two-country infinite horizon representative agent framework with integrated capital market. The dynamic adjustment, the distribution of world wealth (or consumption) across countries and the accumulation of debt overtime are analyzed. The model admits a zero eigenvalue: a temporarly remission on a debt has permanent effects on the international distribution of consumption and on debt.
Year of publication: |
1998
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Authors: | BÉRAUD, Delphine |
Published in: |
Annales d'Economie et de Statistique. - École Nationale de la Statistique et de l'Admnistration Économique (ENSAE). - 1998, 51, p. 149-168
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Publisher: |
École Nationale de la Statistique et de l'Admnistration Économique (ENSAE) |
Saved in:
Online Resource
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