Infinite debt rollover in stochastic economies

DOI10.3982/ECTA21090MaRDI QIDQ6536586zbMATH OpenFDO

Authors Narayana R. Kocherlakota

Publication date 13 May 2024

Published in Econometrica (Search for Journal in Brave)

zbMATH Keywords

bubblesPonzi schemesstochastic economies

Mathematics Subject Classification ID

General equilibrium theory (91B50) Economic growth models (91B62) Interest rates, asset pricing, etc. (stochastic models) (91G30) Heterogeneous agent models (91B69)

Recommendations

• Bubbles and Self-Enforcing Debt
• PUBLIC DEBT BUBBLES IN HETEROGENEOUS AGENT MODELS WITH TAIL RISK
• Sustainable debt
• Debt, deficits and finite horizons: the stochastic case
• Debt and welfare in economies with land

Cites work

• An equilibrium characterization of the term structure
• Discounting the distant future: How much do uncertain rates increase valuations?
• Dominant root characterization of Pareto optimality and the existence of optimal equilibria in stochastic overlapping generations models
• Existence and optimality of currency equilibrium in stochastic overlapping generations models: The pure endowment case
• Informational diversity over time and optimality of monetary equilibria
• Long-Term Risk: An Operator Approach
• Nonparametric stochastic discount factor decomposition
• PUBLIC DEBT BUBBLES IN HETEROGENEOUS AGENT MODELS WITH TAIL RISK
• Sovereign debt and incentives to default with uninsurable risks
• Stochastic OLG models, market structure, and optimality
• The permanent income hypothesis: A theoretical formulation
• The risk-free rate in heterogeneous-agent incomplete-insurance economies
• Using Asset Prices to Measure the Persistence of the Marginal Utility of Wealth
• Why the far-distant future should be discounted at its lowest possible rate

Cited in

(2)

• PUBLIC DEBT BUBBLES IN HETEROGENEOUS AGENT MODELS WITH TAIL RISK
• Difficulties in testing for capital overaccumulation

This page was built for publication: Infinite debt rollover in stochastic economies

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q6536586)