A Note on the Weak Condition of “Globally” Ricardian
This paper shows that there is the weak “Globally” Ricardian rules that sustains the sustainability of the government debt in the sense that it binds intertemporal government budget constraint. And we compare our result with the former paper about testing the government debt sustainability. As a result, we declare that all of these papers are sufficient condition of our condition.
Volume (Year): 33 (2013)
Issue (Month): 1 ()
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- Henning Bohn, 1998. "The Behavior Of U.S. Public Debt And Deficits," The Quarterly Journal of Economics, MIT Press, vol. 113(3), pages 949-963, August.
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"Debt and deficit ceilings, and sustainability of fiscal policies: an intertemporal analysis,"
9615, Federal Reserve Bank of New York.
- Uctum, Merih & Wickens, Michael, 2000. " Debt and Deficit Ceilings, and Sustainability of Fiscal Policies: An Intertemporal Analysis," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 62(2), pages 197-222, May.
- Uctum, Merih & Wickens, Michael R., 1997. "Debt and Deficit Ceilings, and Sustainability of Fiscal Policies: An Intertemporal Analysis," CEPR Discussion Papers 1612, C.E.P.R. Discussion Papers.
- Barro, Robert J, 1986. " U.S. Deficits since World War I," Scandinavian Journal of Economics, Wiley Blackwell, vol. 88(1), pages 195-22.
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