Debt and the U.S. Economy

Ayse Imrohoroglu and Kaiji Chen

No 229, 2012 Meeting Papers from Society for Economic Dynamics

Abstract: Publicly held debt to GDP ratio in the U.S. is estimated to be 72% in 2011 and is expected to continue rising. Many proposals regarding the ways to curb the government deficit and the resulting debt are being discussed. In this paper we incorporate these different policy proposals in a fully calibrated general equilibrium model. This framework allows us to model the reactions of labor and capital due to changes in policy which impact the projected debt to GDP ratios.

Date: 2012
New Economics Papers: this item is included in nep-dge
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Citations: View citations in EconPapers (9)

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Related works:
Journal Article: Debt in the US economy (2017)
Working Paper: Debt in the U.S. Economy (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:red:sed012:229

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