TY  - GEN
AB  - In this paper our objective is to analyze sustainable debt policy rules and economic growth
using a model of endogenous economic growth theory. For the government it is possible to run
into debt, but, the primary surplus is a positive linear function of the debt-to-GDP ratio which
guarantees that public debt is sustainable. We analyze different sustainable debt policies in
this small open economy model of endogenous growth with public capital accumulation, as
well we take transitions into account. We investigate the characteristics and stability of the
steady state and we analyze the effects on welfare for the different debt policies.
DA  - 2019
DO  - 10.4119/unibi/2939849
KW  - Public Debt
KW  - Fiscal Sustainability
KW  - Economic Growth
KW  - Small Open Economy Model
LA  - eng
PY  - 2019
SN  - 2196-2723
SP  - 36-
TI  - Sustainable Debt Policy Rules and Growth in a Small Open Economy Model: Is a balanced government budget worthwhile?
UR  - https://nbn-resolving.org/urn:nbn:de:0070-pub-29398497
Y2  - 2024-11-22T11:00:24
ER  -