Croissance et endettement dans un modèle à deux pays

Delphine Béraud

Annals of Economics and Statistics, 1998, issue 51, 149-168

Abstract: The interdependence of the world economy is studied in a two-country infinite horizon representative agent framework with integrated capital market. The dynamic adjustment, the distribution of world wealth (or consumption) across countries and the accumulation of debt overtime are analyzed. The model admits a zero eigenvalue: a temporarly remission on a debt has permanent effects on the international distribution of consumption and on debt.

Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:adr:anecst:y:1998:i:51:p:149-168

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