When Interest Rates Go Low, Should Public Debt Go High?
When Interest Rates Go Low, Should Public Debt Go High?
About this item
Full title
Author / Creator
Publisher
St. Louis: Federal Reserve Bank of St. Louis
Journal title
Language
English
Formats
Publication information
Publisher
St. Louis: Federal Reserve Bank of St. Louis
More information
Scope and Contents
Contents
Is deficit finance, explicit or implicit, free when borrowing rates are routinely lower than growth rates? Specifically, can the government make all generations better off by perpetually taking from the young and giving to the old? We study this question in simple closed and open economies and show that achieving Pareto gains requires implausible c...
Alternative Titles
Full title
When Interest Rates Go Low, Should Public Debt Go High?
Authors, Artists and Contributors
Author / Creator
Identifiers
Primary Identifiers
Record Identifier
TN_cdi_proquest_journals_2585989012
Permalink
https://devfeature-collection.sl.nsw.gov.au/record/TN_cdi_proquest_journals_2585989012
How to access this item
https://www.proquest.com/docview/2585989012?pq-origsite=primo&accountid=13902
