The Intertemporal Effects of International Transfers

Pertti Haaparanta

No wp-1986-003, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: The classical transfer problem is studied in an overlapping generations framework, where the transfer is from a creditor country to a debtor country. A distinction is made between tax-financed and debt-financed transfers on the one hand, and between the uses of the transfer on the other hand. The transfer can be used to increase private income or to reduce government debt. It is first shown that the transfer can make the welfare change in the same direction in both of the countries, and that this possibility cannot be ruled out by stability condition.

Keywords: Public debt; Economic assistance and foreign aid; Foreign loans; Public welfare (search for similar items in EconPapers)
Date: 1986
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Citations: View citations in EconPapers (3)

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