The stochastic simulation model suggested by Bolder (2003) for the analysis of the federal government's debt …-management strategy provides a wide variety of useful information. It does not, however, assist in determining an optimal debt …-management strategy for the government in its current form. Including optimization in the debt-strategy model would be useful, since it …

I study debt relief as a stimulus policy using a dynamic stochastic general equilibrium model that captures the rich … their marginal propensities to consume. The availability of bankruptcy on unsecured debt quantitatively changes the …

The household debt-to-disposable income ratio in Canada increased from 110 per cent in 1999 to 127 per cent in 2007 …. This increase has raised questions about the ability of households to service their increased debt if faced with a negative … economic or socio-economic shock. The debt service ratio (DSR) measures the proportion of disposable income that households …

Domestic public debt issued by emerging markets has risen significantly relative to international debt in recent years …. Some recent empirical evidence also suggests that sovereigns have defaulted differentially on debt held by domestic and … external creditors. Standard models of sovereign debt, however, mainly focus on how the actions of foreign creditors influence …