The macroeconomic implications of deficit financing under present bias

DOI10.1016/J.ECONLET.2023.111240zbMath1521.91227OpenAlexW4382655067MaRDI QIDQ6093779

Donghyun Lee, Eungsik Kim

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

zbMATH Keywords

inflationwelfarequasi-hyperbolic discountinggovernment deficit

Mathematics Subject Classification ID

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

Cites Work

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

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