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Le retour optimal à la solvabilité d'une économie endettée

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  • Didier Laussel
  • Antoine Soubeyran

Abstract

[eng] Optimal adjustment policies of a small open indebted economy : an introduction. . Optimal control of economies with external debt above its long run target level is studied and time-inconsistent and time-consistent optimal policies are derived successively. Every optimal policy entails initially large values of the domestic interest rate. [fre] Optimal adjustment policies of a small open indebted economy : an introduction. . Optimal control of economies with external debt above its long run target level is studied and time-inconsistent and time-consistent optimal policies are derived successively. Every optimal policy entails initially large values of the domestic interest rate.

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  • Didier Laussel & Antoine Soubeyran, 1987. "Le retour optimal à la solvabilité d'une économie endettée," Revue Économique, Programme National Persée, vol. 38(1), pages 55-74.
    • Handle: RePEc:prs:reveco:reco_0035-2764_1987_num_38_1_408969
    DOI: 10.3406/reco.1987.408969
    Note: DOI:10.3406/reco.1987.408969
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    References listed on IDEAS

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    1. Currie, David, 1985. "Macroeconomic Policy Design and Control Theory-A Failed Partnership?," Economic Journal, Royal Economic Society, vol. 95(378), pages 285-306, June.
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