Engwerda, Jacob; van Aarle, Bas; Plasmans, Joseph; … - In: Journal of Economic Dynamics and Control 37 (2013) 12, pp. 2525-2546
As a result of the recent financial crisis and the ensuing economic recession, fiscal deficits have soared in many OECD countries. As a consequence, government debt has been on the rise again after a period of stable or declining government debt. In this paper we analyze debt stabilization in a...
