Bessec, Marie; Desbonnet, Audrey; Kankanamge, Sumudu; … - In: Revue d'économie politique 122 (2012) 6, pp. 903-920
In this paper, we investigate the interactions between public debt and transfer policies in a framework based on Floden [2001], that we extend to allow for transitional dynamics between steady states. First, we show that, starting from a high level of public debt, it is possible to implement a...
