Public Debt

Toshihiro Ihori
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Toshihiro Ihori: National Gradual Institute for Policy Studies

Chapter 4 in Principles of Public Finance, 2017, pp 77-100 from Springer

Abstract: Abstract In order to investigate the burden of public debt, it is useful to explain Ricard’s neutrality theorem. We employ a simple two-period model as in Chap. 3 . In this regard, a household optimizes consumption for two periods, namely period 1 (current period) and period 2 (future period).

Keywords: Ricardian debt neutrality; Wealth effect; Overlapping generations; Shift of burden; Barro’s neutrality; Bequest motive; Keynesian effect; Non-Keynesian effect (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sptchp:978-981-10-2389-7_4

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DOI: 10.1007/978-981-10-2389-7_4

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