Le retour optimal à la solvabilité d'une économie endettée
[eng] Optimal adjustment policies of a small open indebted economy : an introduction. . Optimal control of economies with external debt above its long run target level is studied and time-inconsistent and time-consistent optimal policies are derived successively. Every optimal policy entails initially large values of the domestic interest rate. [fre] Optimal adjustment policies of a small open indebted economy : an introduction. . Optimal control of economies with external debt above its long run target level is studied and time-inconsistent and time-consistent optimal policies are derived successively. Every optimal policy entails initially large values of the domestic interest rate.
Year of publication: |
1987
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Authors: | Laussel, Didier ; Soubeyran, Antoine |
Published in: |
Revue Économique. - Programme National Persée, ISSN 0035-2764. - Vol. 38.1987, 1, p. 55-74
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Publisher: |
Programme National Persée |
Saved in:
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