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This paper presents a simple model in which debt management stabilizes the debt-to-GDP ratio in face of shocks to real returns and output growth and thus supports fiscal restraint in ensuring sustainability. The optimal composition of public debt is derived by looking at the relative impact of...
Persistent link: https://www.econbiz.de/10002593121
This paper presents a simple model in which debt management stabilizes the debt-to-GDP ratio in face of shocks to real returns and output growth and thus supports fiscal restraint in ensuring sustainability. The optimal composition of public debt is derived by looking at the relative impact of...
Persistent link: https://www.econbiz.de/10002576712
Persistent link: https://www.econbiz.de/10003089777
Persistent link: https://www.econbiz.de/10002782003
This paper presents a simple model in which debt management stabilizes the debt-to-GDP ratio in face of shocks to real returns and output growth and thus supports fiscal restraint in ensuring sustainability. The optimal composition of public debt is derived by looking at the relative impact of...
Persistent link: https://www.econbiz.de/10013318752
We employ a non-recursive identification scheme to identify the effects of a monetary policy shock in a Structural Vector Autoregressive (SVARs) model for the U.S. post-WWII quarterly data. The identification of the shock is achieved via heteroskedasticity, and different on-impact macroeconomic...
Persistent link: https://www.econbiz.de/10012981365
Persistent link: https://www.econbiz.de/10003784274
Persistent link: https://www.econbiz.de/10003168891
Persistent link: https://www.econbiz.de/10011916999
Persistent link: https://www.econbiz.de/10011698807