Fiscal policy in debt constrained economies

DOI10.1016/J.JET.2015.11.002zbMATH Open1369.91130OpenAlexW2890582071MaRDI QIDQ899676FDOQ899676

Mark Aguiar, Manuel Amador

Publication date: 30 December 2015

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jet.2015.11.002

Recommendations

• Debt constraints and monetary policy
• Fiscal policy and debt management with incomplete markets
• Dynamic adjustment of fiscal policy under a debt crisis
• Fiscal austerity during debt crises
• Public debt and fiscal policy traps
• Optimal fiscal policy under private debt deleveraging
• Fiscal policy, debt constraint and expectations-driven volatility
• Fiscal austerity in emerging market economies
• Fiscal Policy with Noncontingent Debt and the Optimal Maturity Structure
• REDISTRIBUTIVE POLITICS AND GOVERNMENT DEBT IN A BORROWING‐CONSTRAINED ECONOMY

zbMATH Keywords

limited commitmentfiscal policysovereign debt

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Economic growth models (91B62)

Cites Work

• Debt Constrained Asset Markets
• Title not available (Why is that?)
• Political Economy of Mechanisms
• Growth in the Shadow of Expropriation *
• Public debt and optimal taxes without commitment
• On the optimal taxation of capital income
• Optimal Taxation of Capital Income in General Equilibrium with Infinite Lives
• Taxation without commitment
• Investment Cycles and Sovereign Debt Overhang
• Opportunity and Social Mobility
• The Time Structure of Self-Enforcing Agreements
• Power fluctuations and political economy
• Social discounting and incentive compatible fiscal policy
• Optimal taxes without commitment
• Lagrange multipliers in infinite horizon discrete time optimal control models
• Lagrange multipliers in incentive-constrained problems

Cited In (6)

• REDISTRIBUTIVE POLITICS AND GOVERNMENT DEBT IN A BORROWING‐CONSTRAINED ECONOMY
• Tax vs. debt management under entitlement spending: a multicountry study
• The implications of a graying Japan for government policy
• Fiscal policy under loose commitment
• Investment Cycles and Sovereign Debt Overhang
• Doubts about the model and optimal policy

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