Debt Neutrality and the Infinite-Lived Representative Consumer

B. Crettez, Philippe Michel and Bertrand Wigniolle

Papiers d'Economie Mathématique et Applications from Université Panthéon-Sorbonne (Paris 1)

Abstract: In this paper, we study the intertemporal equilibria of an infinite-lived representative agent model with public debt. We show that for a given path of government expenditures, there generally exist a continuum of equilibria depending on various debt policies.

Keywords: PUBLIC DEBT; MODELS; GOVERNMENT; CONSUMPTION (search for similar items in EconPapers)
JEL-codes: D9 E62 H6 (search for similar items in EconPapers)
Pages: 34 pages
Date: 2000
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Journal Article: Debt Neutrality and the Infinite–Lived Representative Consumer (2002)
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Persistent link: https://EconPapers.repec.org/RePEc:fth:pariem:2000.93

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