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

DOI10.1111/IJET.12049MaRDI QIDQ4584740zbMATH OpenOpenAlexFDO

Authors Kazuo Nishimura, Carine Nourry, Thomas Seegmuller, Alain Venditti

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

borrowing constraintendogenous cyclesheterogeneous agentspublic debtpublic spending

Mathematics Subject Classification ID

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

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Cited in

(14)

• Increasing returns and crowding out
• Does public debt secure social peace? A diversionary theory of public debt management
• The effect of the behavior of an average consumer on the public debt dynamics
• The determination of public debt under both aggregate and idiosyncratic uncertainty
• Coordinating intergenerational redistribution and the repayment of public debt: an experimental test of Tabellini (1991)
• Growth and instability in a small open economy with debt
• Public debt dynamics under ambiguity by means of iterated function systems on density functions
• A note on environmental policy and public debt stabilization
• Sustainable public debt and economic growth under wage rigidity
• PUBLIC DEBT AS PRIVATE WEALTH: SOME EQUILIBRIUM CONSIDERATIONS
• PUBLIC DEBT BUBBLES IN HETEROGENEOUS AGENT MODELS WITH TAIL RISK
• Introduction to financial frictions and debt constraints
• Ramsey equilibrium with liberal borrowing
• Fiscal policy, debt constraint and expectations-driven volatility

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