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Abstract

sufficiently large, the economy converges to a stationary debt level which is bounded away from the endogenous debt limit.

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Bibliographic Info

Paper provided by Society for Economic Dynamics in its series 2009 Meeting Papers with number 94.

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Date of creation: 2009
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Handle: RePEc:red:sed009:94

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Postal: Society for Economic Dynamics Christian Zimmermann Economic Research Federal Reserve Bank of St. Louis PO Box 442 St. Louis MO 63166-0442 USA
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Find related papers by JEL classification:

• D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
• E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy
• H41 - Public Economics - - Publicly Provided Goods - - - Public Goods
• H62 - Public Economics - - National Budget, Deficit, and Debt - - - Deficit; Surplus
• H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt

References

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1. Automatic fiscal discipline
   by Economic Logician in Economic Logic on 2009-07-20 18:55:00

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