Lindgren, Jussi - In: Risks : open access journal 9 (2021) 4, pp. 1-14
dynamics. A stochastic optimal control model was developed to model public debt dynamics based on the debt accounting identity … premia and fiscal multipliers, which forces the debt dynamics to be nonlinear in the debt ratio. The results, on the other … applicability of stochastic modeling in public debt management, given a structural economic model of stochastic government debt …