Sustainable Plans and Mutual Default

DOI10.2307/2297817zbMATH Open0772.90011OpenAlexW2048541395MaRDI QIDQ4033906FDOQ4033906

Authors: V. V. Chari, Patrick J. Kehoe 

Publication date: 16 May 1993

Full work available at URL: https://doi.org/10.2307/2297817

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zbMATH Keywords

optimal taxationsustainable equilibriaRamsey equilibriaoptimal trigger strategies

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Economic growth models (91B62)

Cited In (12)

• Competitive equilibria with limited enforcement
• Taxation without commitment
• A theory of political and economic cycles
• On the irrelevance of the maturity structure of government debt without commitment.
• Sustainable plans and debt
• Title not available (Why is that?)
• Distortionary taxes and public investment when government promises are not enforceable
• Default on sustainable public debt: illiquidity suspect convicted
• A duality approach to continuous-time contracting problems with limited commitment
• Sustainable monetary policies
• Optimal taxation with endogenously incomplete debt markets
• Large external debt and (slow) domestic growth

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