The macroeconomic implications of deficit financing under present bias

DOI10.1016/J.ECONLET.2023.111240MaRDI QIDQ6093779zbMATH OpenOpenAlexFDO

Authors Eungsik Kim, Donghyun Lee

Publication date 12 September 2023

Published in Economics Letters (Search for Journal in Brave)

Copyright license Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International

Full work available at URL https://doi.org/10.1016/j.econlet.2023.111240

zbMATH Keywords

inflationwelfarequasi-hyperbolic discountinggovernment deficit

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64)

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Cites work

• Golden Eggs and Hyperbolic Discounting
• Habit persistence in overlapping generations economies under pure exchange
• Habit persistence, money, and overlapping generations
• On myopia as rationale for social security

Cited in

(1)

• The effects of budget deficit on national saving in the OECD

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