Debt Neutrality and the Infinite-Lived Representative Consumer.

In this paper, we study the intertemporal equilibria of an infinite-lived representative agent model with public debt. We show that for a given path of government expenditures, there generally exist a continuum of equilibria depending on various debt policies.

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Year of publication:	2000
Authors:	Crettez, B. ; Michel, P. ; Wigniolle, B.
Institutions:	Centre de recherche de mathématiques et économie mathématique (CERMSEM), Centre d'Économie de la Sorbonne
Subject:	PUBLIC DEBT \| MODELS \| GOVERNMENT \| CONSUMPTION

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Series:	Papiers d'Economie Mathématique et Applications.
Type of publication:	Book / Working Paper
Notes:	34 pages
Classification:	D9 - Intertemporal Choice and Growth ; E62 - Fiscal Policy; Public Expenditures, Investment, and Finance; Taxation ; H6 - National Budget, Deficit, and Debt
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005475304