Public Debt, Sustainability and Economic Growth : Theory and Empirics
| Year of publication: |
2014 ; 1. Aufl.
|
|---|---|
| Authors: | Greiner, Alfred ; Fincke, Bettina |
| Publisher: |
[s.l.] : Springer-Verlag |
| Subject: | Öffentliche Schulden | Public debt | Theorie | Theory | Endogenes Wachstumsmodell | Endogenous growth model | Wirtschaftswachstum | Economic growth | Finanzpolitik | Fiscal policy | Nachhaltigkeit | Sustainability | Haushaltsdefizit | Budget deficit | EU-Staaten | EU countries | Gleichgewichtiges Wachstum | Balanced growth |
| Description of contents: | Description [zbmath.org] |
| Extent: | Online Ressource (4241 KB, 271 S.) |
|---|---|
| Type of publication: | Book / Working Paper |
| Language: | English |
| Notes: | Description based upon print version of record Preface; Contents; List of Figures; List of Tables; Chapter1 Introduction; Chapter2 Sustainable Public Debt: Theory and Empirical Evidence; 2.1 Theoretical Considerations; 2.1.1 Public Debt and the Primary Surplus; 2.1.2 Conditions for Sustainability of Public Debt; The Primary Surplus as a Function of Public Debt; The Primary Surplus Independent of Public Debt; 2.2 Empirics: Japan, Germany and the USA; 2.2.1 Descriptive Historical Approach; Japan; Germany; United States; 2.2.2 Empirical Approach; Estimating the Response of the Primary Surplus to Public Debt; Japan; Germany; United States Comparing the CountriesAdditional Testing; 2.3 Empirical Results for Euro Area Countries; 2.3.1 France; 2.3.2 Ireland, Portugal and Spain; 2.3.3 Greece and Italy; 2.4 The Impact of the 2007 Financial Crisis: Portugal and Spain; 2.5 Empirical Evidence for Developing Countries; 2.5.1 The Estimation Strategy; 2.5.2 Estimation Results; Botswana; Costa Rica; Mauritius; Panama; Rwanda; Tunisia; Conclusion; Appendix; Proof of Proposition 1; Proof of Proposition 3; Public Debt Accumulation with a Stochastic Disturbance; Time-Varying Reaction Coefficients and Plots of the Data Used Additional Regressions for SpainChapter3 Debt and Growth: A Basic Endogenous Growth Model ; 3.1 The Growth Model; 3.1.1 The Household Sector; 3.1.2 The Productive Sector; 3.1.3 The Government; 3.1.4 Analysis of the Model Structure; Permanent Deficits and the Intertemporal Budget Constraint; The Balanced Budget Rule and the Rule with an Asymptotically Zero Debt Ratio; Integrating Public Transfers; 3.1.5 Welfare Effects of Debt Policy; 3.2 Debt Cycles; 3.2.1 Structure of the Model; 3.2.2 The Differential Equations; 3.2.3 Balanced Government Budget; 3.2.4 Permanent Public Deficits 3.3 The Interaction of Fiscal and Monetary Policy3.3.1 The Household Sector; 3.3.2 The Productive Sector; 3.3.3 The Public Sector; 3.3.4 The Balanced Growth Path; 3.3.5 Analysis of the Model; Analyzing the Structure of the Model and Growth Effects of Policy Measures; The Balanced Budget Scenario; Permanent Public Deficits; Welfare Effects; 3.4 Effects of Wage Rigidities and Unemployment; 3.4.1 The Structure of the Growth Model; Consumers; Producers and the Labor Market; The Government; 3.4.2 The Balanced Growth Path; 3.4.3 Stability of the Economy; Balanced Government Budget Permanent Public DeficitsConclusion; Appendix; The Elasticity of Labor Supply and the Intertemporal Elasticity of Substitution of Consumption; The Elasticity of Labor Supply; The Intertemporal Elasticity of Substitution of Consumption; On the Intertemporal Budget Constraint of the Government with ψ=0; Proof of Proposition 4; Proof of Proposition 5; Proof of Proposition 6; Proof of Proposition 7; Welfare Effects with a Different Initial Condition and with κ=1.; Proof of Lemma 1; Proof of Proposition 10; Proof of Lemma 2; Stability of the Balanced Budget Scenario in the Monetary Growth Model Proof of Proposition 12 |
| ISBN: | 3-319-09347-9 ; 3-319-09348-7 ; 978-3-319-09348-2 ; 978-3-319-09347-5 |
| Source: | ECONIS - Online Catalogue of the ZBW |
Persistent link: https://www.econbiz.de/10014275670