The sustainability of bond-financed deficits: An overlapping generations approach
Author
Abstract
Suggested Citation
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- José-Víctor Ríos-Rull, 1996. "Life-Cycle Economies and Aggregate Fluctuations," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 63(3), pages 465-489.
- Gale, David, 1973. "Pure exchange equilibrium of dynamic economic models," Journal of Economic Theory, Elsevier, vol. 6(1), pages 12-36, February.
- Thomas J. Sargent & Neil Wallace, 1984.
"Some Unpleasant Monetarist Arithmetic,"
Palgrave Macmillan Books, in: Brian Griffiths & Geoffrey E. Wood (ed.), Monetarism in the United Kingdom, pages 15-41,
Palgrave Macmillan.
- Thomas J. Sargent & Neil Wallace, 1981. "Some unpleasant monetarist arithmetic," Quarterly Review, Federal Reserve Bank of Minneapolis, vol. 5(Fall).
- Weil, Philippe, 1987.
"Permanent budget deficits and inflation,"
Journal of Monetary Economics, Elsevier, vol. 20(2), pages 393-410, September.
- Philippe Weil, 1987. "Permanent Budget Deficits and Inflation," SciencePo Working papers Main hal-03393238, HAL.
- Philippe Weil, 1987. "Permanent Budget Deficits and Inflation," Post-Print hal-03393238, HAL.
- McCallum, Bennett T, 1984.
"Are Bond-Financed Deficits Inflationary? A Ricardian Analysis,"
Journal of Political Economy, University of Chicago Press, vol. 92(1), pages 123-135, February.
- Bennett T. McCallum, 1982. "Are Bond-Financed Deficits Inflationary? A Ricardian Analysis," NBER Working Papers 0905, National Bureau of Economic Research, Inc.
- James B. Bullard & Steven Russell, 1998. "Monetary steady states in a low real interest rate economy," Working Papers 1994-012, Federal Reserve Bank of St. Louis.
- Barro, Robert J, 1989.
"The Ricardian Approach to Budget Deficits,"
Journal of Economic Perspectives, American Economic Association, vol. 3(2), pages 37-54, Spring.
- Robert J. Barro, 1988. "The Ricardian Approach to Budget Deficits," NBER Working Papers 2685, National Bureau of Economic Research, Inc.
- Robert J. Barro, 1988. "The Ricardian Approach to Budget Deficits," Working Paper 728, Economics Department, Queen's University.
- Welch, Finis, 1979.
"Effects of Cohort Size on Earnings: The Baby Boom Babies' Financial Bust,"
Journal of Political Economy, University of Chicago Press, vol. 87(5), pages 65-97, October.
- Finis Welch, 1979. "Effects of Cohort Size on Earnings: The Baby Boom Babies' Financial Bust," UCLA Economics Working Papers 146, UCLA Department of Economics.
- Farmer, Roger E. A., 1986. "Deficits and cycles," Journal of Economic Theory, Elsevier, vol. 40(1), pages 77-88, October.
- Evans, Paul, 1985. "Do Large Deficits Produce High Interest Rates?," American Economic Review, American Economic Association, vol. 75(1), pages 68-87, March.
- Barro, Robert J, 1979.
"On the Determination of the Public Debt,"
Journal of Political Economy, University of Chicago Press, vol. 87(5), pages 940-971, October.
- Barro, Robert J., 1979. "On the Determination of the Public Debt," Scholarly Articles 3451400, Harvard University Department of Economics.
- Evans, Paul, 1987. "Do budget deficits raise nominal interest rates? : Evidence from six countries," Journal of Monetary Economics, Elsevier, vol. 20(2), pages 281-300, September.
- Timothy J. Kehoe & David K. Levine, 1990. "Indeterminacy in Applied Intertemporal General Equilibrium Models," Levine's Working Paper Archive 2042, David K. Levine.
- Juster, F Thomas & Stafford, Frank P, 1991.
"The Allocation of Time: Empirical Findings, Behavioral Models, and Problems of Measurement,"
Journal of Economic Literature, American Economic Association, vol. 29(2), pages 471-522, June.
- Juster, F. Thomas & Stafford, Frank P., 1990. "The Allocation of Time: Empirical Findings, Behavioural Models, and Problems of Measurement," Working Paper Series 258, Research Institute of Industrial Economics.
- O'Connell, Stephen A & Zeldes, Stephen P, 1988.
"Rational Ponzi Games,"
International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 29(3), pages 431-450, August.
- Stephen A. O'Connell & Stephen P. Zeldes, "undated". "Rational Ponzi Games," Rodney L. White Center for Financial Research Working Papers 18-86, Wharton School Rodney L. White Center for Financial Research.
- Blanchard, Olivier J, 1985.
"Debt, Deficits, and Finite Horizons,"
Journal of Political Economy, University of Chicago Press, vol. 93(2), pages 223-247, April.
- Olivier J. Blanchard, 1984. "Debt, Deficits and Finite Horizons," NBER Working Papers 1389, National Bureau of Economic Research, Inc.
- Tirole, Jean, 1985. "Asset Bubbles and Overlapping Generations," Econometrica, Econometric Society, vol. 53(6), pages 1499-1528, November.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Elmendorf, Douglas W. & Gregory Mankiw, N., 1999.
"Government debt,"
Handbook of Macroeconomics, in: J. B. Taylor & M. Woodford (ed.), Handbook of Macroeconomics, edition 1, volume 1, chapter 25, pages 1615-1669,
Elsevier.
- Douglas W. Elmendorf & N. Gregory Mankiw, 1998. "Government Debt," Harvard Institute of Economic Research Working Papers 1820, Harvard - Institute of Economic Research.
- Douglas W. Elmendorf & N. Gregory Mankiw, 1998. "Government Debt," NBER Working Papers 6470, National Bureau of Economic Research, Inc.
- Elmendorf, Douglas W. & Mankiw, N, 1999. "Government Debt," Scholarly Articles 2643866, Harvard University Department of Economics.
- Douglas W. Elmendorf & N. Gregory Mankiw, 1998. "Government debt," Finance and Economics Discussion Series 1998-09, Board of Governors of the Federal Reserve System (U.S.).
- Jakob Korbinian Eberl, 2016. "The Collateral Framework of the Eurosystem and Its Fiscal Implications," ifo Beiträge zur Wirtschaftsforschung, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 69.
- Chadha, J.S. & Nolan, C., 2003. "On the Interaction of Monetary and Fiscal Policy," Cambridge Working Papers in Economics 0303, Faculty of Economics, University of Cambridge.
- Futagami, Koichi & Shibata, Akihisa, 1998.
"Budget Deficits and Economic Growth,"
Public Finance = Finances publiques, , vol. 53(3-4), pages 331-354.
- Futagami, Koichi & 二神, 孝一 & フタガミ, コウイチ & Shibata, Akihisa & 柴田, 章久 & シバタ, アキヒサ, 2003. "Budget Deficits and Economic Growth," Discussion Paper 133, Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University.
- Roger Farmer & Pawel Zabczyk, 2019.
"The Fiscal Theory of the Price Level in Overlapping Generations Models,"
National Institute of Economic and Social Research (NIESR) Discussion Papers
498, National Institute of Economic and Social Research.
- Roger Farmer & Pawel Zabczyk, 2019. "The Fiscal Theory of the Price Level in Overlapping Generations Models," 2019 Meeting Papers 39, Society for Economic Dynamics.
- Maria Carme Riera i Prunera, 2003. "Deficit, human capital and economic growth dynamics," Working Papers in Economics 102, Universitat de Barcelona. Espai de Recerca en Economia.
- Mr. Roger Farmer & Pawel Zabczyk, 2019. "A Requiem for the Fiscal Theory of the Price Level," IMF Working Papers 2019/219, International Monetary Fund.
- Roger E.A. Farmer & Pawel Zabczyk, 2019.
"Monetary and Fiscal Policy When People Have Finite Lives,"
NBER Working Papers
25445, National Bureau of Economic Research, Inc.
- Farmer, Roger & Zabczyk, Pawel, 2022. "Monetary and Fiscal Policy when People have Finite Lives," CEPR Discussion Papers 13432, C.E.P.R. Discussion Papers.
- Hany Eldemerdash & Hugh Metcalf & Sara Maioli, 2014. "Twin deficits: new evidence from a developing (oil vs. non-oil) countries’ perspective," Empirical Economics, Springer, vol. 47(3), pages 825-851, November.
- Kazakova, Maria & Nesterova, Kristina, 2015. "Long-Term Forecast of the Main Parameters of the Budgetary System of Russia," Published Papers 2309, Russian Presidential Academy of National Economy and Public Administration.
- Ekkehart Schlicht, 2013.
"Unexpected Consequences of Ricardian Expectations,"
Metroeconomica, Wiley Blackwell, vol. 64(3), pages 498-512, July.
- Schlicht, Ekkehart, 2012. "Unexpected Consequences of Ricardian Expectations," Discussion Papers in Economics 13794, University of Munich, Department of Economics.
- Schlicht, Ekkehart, 2013. "Unexpected Consequences of Ricardian Expectations," Discussion Papers in Economics 14847, University of Munich, Department of Economics.
- Schlicht, Ekkehart, 2013. "Unexpected Consequences of Ricardian Expectations - Erratum," Discussion Papers in Economics 17249, University of Munich, Department of Economics.
- Koichi Futagami & Kunihiko Konishi, 2023. "Comparative analyses of fiscal sustainability of the budgetary policy rules," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 25(5), pages 944-984, October.
- Pierre Duguay & Yves Rabeau, 1989. "Les effets macro-économiques de la politique budgétaire : de Keynes à la synthèse néo-classique," Revue Économique, Programme National Persée, vol. 40(4), pages 597-620.
- Gianluca FEMMINIS, 2000. "Dynamic inefficiency with a decreasing returns technology for firms," Discussion Papers (REL - Recherches Economiques de Louvain) 2000011, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
- Weil, Philippe, 1989.
"Money, time preference and external balance,"
European Economic Review, Elsevier, vol. 33(2-3), pages 564-572, March.
- Philippe Weil, 1989. "Money, Time Preference and External Balance," Post-Print hal-03393292, HAL.
- Philippe Weil, 1989. "Money, Time Preference, and External Balance," SciencePo Working papers Main hal-03416188, HAL.
- Philippe Weil, 1989. "Money, Time Preference, and External Balance," Working Papers hal-03416188, HAL.
- Philippe Weil, 1989. "Money, Time Preference and External Balance," SciencePo Working papers Main hal-03393292, HAL.
- Philippe Weil, 1989. "Money, Time Preference and External Balance," NBER Working Papers 2822, National Bureau of Economic Research, Inc.
- Hirano, Tomohiro & Toda, Alexis Akira, 2024.
"Bubble economics,"
Journal of Mathematical Economics, Elsevier, vol. 111(C).
- Tomohiro Hirano & Alexis Akira Toda, 2023. "Bubble Economics," Discussion Papers 2322, Centre for Macroeconomics (CFM).
- Hirano, Tomohiro & Toda, Alexis Akira, 2024. "Bubble economics," LSE Research Online Documents on Economics 122042, London School of Economics and Political Science, LSE Library.
- Tomohiro Hirano & Alexis Akira Toda, 2023. "Bubble Economics," Papers 2311.03638, arXiv.org, revised Dec 2023.
- Brito, Paulo, 2014. "Interest rates and endogenous population growth: joint age-dependent dynamics," MPRA Paper 58656, University Library of Munich, Germany.
- Rym Aloui & Michel Guillard, 2020.
"The Fiscal Theory of the Price Level in a Non-Ricardian Economy,"
Annals of Economics and Statistics, GENES, issue 137, pages 65-82.
- Rym Aloui & Michel Guillard, 2018. "The Fiscal Theory of the Price Level in non-Ricardian Economy," Working Papers halshs-01896632, HAL.
- Rym Aloui & Michel Guillard, 2018. "The Fiscal Theory of the Price Level in non-Ricardian Economy," Working Papers 1824, Groupe d'Analyse et de Théorie Economique Lyon St-Étienne (GATE Lyon St-Étienne), Université de Lyon.
- Rym Aloui & Michel Guillard, 2020. "The Fiscal Theory of the Price Level in a Non-Ricardian Economy," Post-Print halshs-03052061, HAL.
- Brunila, Anne, 1996. "Fiscal policy and private consumption: Saving decisions: Evidence from Finland," Bank of Finland Research Discussion Papers 28/1996, Bank of Finland.
- Etro, Federico, 2017. "Research in economics and macroeconomics," Research in Economics, Elsevier, vol. 71(3), pages 373-383.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:moneco:v:45:y:2000:i:2:p:293-328. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/505566 .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.