Testing government solvency and the No Ponzi Game condition

Michael Bergman

Applied Economics Letters, 2001, vol. 8, issue 1, 27-29

Abstract: The paper derives new conditions for government solvency. It is shown that the No Ponzi Game condition is satisfied when government debt is integrated of any finite order but not when government debt is an explosive process.

Date: 2001
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DOI: 10.1080/135048501750041240

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