Le retour optimal à la solvabilité d'une économie endettée

Didier Laussel () and Antoine Soubeyran

Revue Économique, 1987, vol. 38, issue 1, 55-74

Abstract: [eng] Optimal adjustment policies of a small open indebted economy : an introduction. . Optimal control of economies with external debt above its long run target level is studied and time-inconsistent and time-consistent optimal policies are derived successively. Every optimal policy entails initially large values of the domestic interest rate. [fre] Optimal adjustment policies of a small open indebted economy : an introduction. . Optimal control of economies with external debt above its long run target level is studied and time-inconsistent and time-consistent optimal policies are derived successively. Every optimal policy entails initially large values of the domestic interest rate.

Date: 1987
Note: DOI:10.3406/reco.1987.408969
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