Micro Risks and Pareto Improving Policies

Mark Aguiar, Manuel Amador and Cristina Arellano
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Mark Aguiar: Princeton University
Cristina Arellano: Federal Reserve Bank of Minneapolis

Working Papers from Princeton University. Economics Department.

Abstract: We provide sufficient conditions for the feasibility of robust Pareto-improving (RPI) fiscal policies when the risk-free interest rate on government bonds is below the growth rate (r

Keywords: Government debt; Fiscal policy; Heterogeneous agents (search for similar items in EconPapers)
JEL-codes: D20 E20 H20 (search for similar items in EconPapers)
Date: 2022-08
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Persistent link: https://EconPapers.repec.org/RePEc:pri:econom:2022-10

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