Bessec, Marie; Desbonnet, Audrey; Kankanamge, Sumudu; … - Université Paris-Dauphine (Paris IX) - 2012
In this paper, we investigate the interactions between public debt and transfer policies in a framework based on Floden … level of public debt, it is possible to implement a policy that reduces public debt without generating welfare losses, as … into consideration the government’s incentive to implement unexpected adjustments in both public debt and transfers. We …