On the (de)stabilizing effect of public debt in a Ramsey model with heterogeneous agents

DOI10.1111/ijet.12049zbMath1398.91429OpenAlexW1571313192MaRDI QIDQ4584740

Kazuo Nishimura, Carine Nourry, Alain Venditti, Thomas Seegmuller

Publication date: 4 September 2018

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

Full work available at URL: http://www.amse-aixmarseille.fr/sites/default/files/_dt/2012/wp_2013_-_nr_36.pdf

zbMATH Keywords

heterogeneous agentspublic debtborrowing constraintendogenous cyclespublic spending

Mathematics Subject Classification ID

Economic growth models (91B62) Heterogeneous agent models (91B69)

Related Items (3)

Introduction to financial frictions and debt constraints ⋮ Ramsey equilibrium with liberal borrowing ⋮ Fiscal policy, debt constraint and expectations-driven volatility

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