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Determining how to value net government obligations is a long-standing and fundamental question in public finance. Its answer is critical to cost-benefit analysis, the assessment of fiscal sustainability, generational accounting, and other economic issues. This paper posits and simulates a...
Persistent link: https://www.econbiz.de/10012453621
Determining how to value net government obligations is a long-standing and fundamental question in public finance. Its answer is critical to cost-benefit analysis, the assessment of fiscal sustainability, generational accounting, and other economic issues. This paper posits and simulates a...
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.S., Japan, and the EU-15 and incorporates age- and time-specific fertility and mortality rates, detailed fiscal institutions …
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