The determination of public debt under both aggregate and idiosyncratic uncertainty

DOI10.1016/J.JET.2022.105474zbMATH Open1497.91193OpenAlexW4280603248MaRDI QIDQ2155242FDOQ2155242

Authors: YiLi Chien, Yi Wen 

Publication date: 15 July 2022

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jet.2022.105474

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zbMATH Keywords

incomplete marketsRamsey problemtax smoothingoptimal public debt

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Heterogeneous agent models (91B69)

Cites Work

• The risk-free rate in heterogeneous-agent incomplete-insurance economies
• A note on optimal fiscal policy in an economy with private borrowing limits
• Optimal fiscal policy with heterogeneous agents
• Optimal fiscal policy with recursive preferences

Cited In (15)

• Political shocks and public debt: The case for a conservative central bank revisited
• GOVERNMENT DEBT AND BANKING FRAGILITY: THE SPREADING OF STRATEGIC UNCERTAINTY
• Debt and deficit fluctuations and the structure of bond markets
• Title not available (Why is that?)
• Public debt dynamics under ambiguity by means of iterated function systems on density functions
• On the (de)stabilizing effect of public debt in a Ramsey model with heterogeneous agents
• PUBLIC DEBT AS PRIVATE WEALTH: SOME EQUILIBRIUM CONSIDERATIONS
• Optimal public debt redux
• Public versus private provision of liquidity: is there a trade-off?
• The optimal structure for public debt
• Fiscal policy, debt constraint and expectations-driven volatility
• Model uncertainty and intertemporal tax smoothing
• Public debt and macroeconomic activity: a predictive analysis for advanced economies
• Growth and instability in a small open economy with debt
• PUBLIC DEBT BUBBLES IN HETEROGENEOUS AGENT MODELS WITH TAIL RISK

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