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- 1974 - empirically support the theory. In contrast to the Feldstein-Horioka findings, a lower saving-investment coefficient … by integrating the balance of payments and national income accounting equations to show that domestic investment is …
Persistent link: https://www.econbiz.de/10014518598
This paper investigates the international spillovers of government debt and the associated risk of inflation within a monetary union when countries have different pension systems. I use a stochastic two-country two-period overlapping-generations model, where one country has PAYG pensions and the...
Persistent link: https://www.econbiz.de/10013135358
This paper investigates the international spillovers of government debt and the associated risk of inflation within a monetary union when countries have different pension systems. I use a stochastic two-country two-period overlapping-generations model, where one country has PAYG pensions and the...
Persistent link: https://www.econbiz.de/10013136463
Post Keynesian stagnation theory argues that slower population growth dampens consumption and investment. A New … Keynesian OLG model derives an unemployment equilibrium due to a negative natural rate in a three-generations credit contract …
Persistent link: https://www.econbiz.de/10011575978
This paper analyzes optimal monetary and fiscal policy in a model where money and savings are essential and asset …
Persistent link: https://www.econbiz.de/10011857574
Persistent link: https://www.econbiz.de/10003580700
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