The macroeconomic implications of deficit financing under present bias

DOI10.1016/J.ECONLET.2023.111240zbMATH Open1521.91227OpenAlexW4382655067MaRDI QIDQ6093779FDOQ6093779

Authors: Eungsik Kim, Donghyun Lee 

Publication date: 12 September 2023

Published in: Economics Letters (Search for Journal in Brave)

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

Recommendations

• Present-biased government and sovereign debt dynamics
• Debt, deficits and finite horizons: the stochastic case
• A Positive Theory of Fiscal Deficits and Government Debt
• The economic effects of restrictions on government budget deficits: imperfect private credit markets
• scientific article; zbMATH DE number 2072552
• Persistent deficit, growth, and indeterminacy
• Balanced-budget rules and macroeconomic (in)stability
• Long-Term Debt and Optimal Policy in the Fiscal Theory of the Price Level
• Fiscal policy and debt management with incomplete markets

zbMATH Keywords

inflationwelfarequasi-hyperbolic discountinggovernment deficit

Mathematics Subject Classification ID

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

Cites Work

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

Cited In (1)

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

This page was built for publication: The macroeconomic implications of deficit financing under present bias

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q6093779)