The debt trap: a two-compartment train wreck
Download full text from publisher
References listed on IDEAS
- Thomas Herndon & Michael Ash & Robert Pollin, 2014.
"Does high public debt consistently stifle economic growth? A critique of Reinhart and Rogoff,"
Cambridge Journal of Economics,
Oxford University Press, vol. 38(2), pages 257-279.
- Thomas Herndon & Michael Ash & Robert Pollin, 2013. "Does High Public Debt Consistently Stifle Economic Growth? A Critique of Reinhart and Rogo ff," Working Papers wp322, Political Economy Research Institute, University of Massachusetts at Amherst.
- Carmen M. Reinhart & Kenneth S. Rogoff, 2010.
"Growth in a Time of Debt,"
American Economic Review,
American Economic Association, vol. 100(2), pages 573-578, May.
- Carmen M. Reinhart & Kenneth S. Rogoff, 2010. "Growth in a Time of Debt," NBER Working Papers 15639, National Bureau of Economic Research, Inc.
- Reinhart, Carmen M. & Rogoff, Kenneth S., 2010. "Growth in a Time of Debt," Scholarly Articles 11129154, Harvard University Department of Economics.
- Reinhart, Carmen M. & Rogoff, Kenneth, 2010. "Growth in a Time of Debt," CEPR Discussion Papers 7661, C.E.P.R. Discussion Papers.
- Annicchiarico, Barbara & Di Dio, Fabio & Felici, Francesco, 2013.
"Structural reforms and the potential effects on the Italian economy,"
Journal of Policy Modeling,
Elsevier, vol. 35(1), pages 88-109.
- Barbara Annicchiarico & Fabio Di Dio & Francesco Felici, 2012. "Structural Reforms and the Potential Effects on the Italian Economy," CEIS Research Paper 227, Tor Vergata University, CEIS, revised 29 Mar 2012.
- Marattin, Luigi & Marzo, Massimiliano & Zagaglia, Paolo, 2011.
"A welfare perspective on the fiscal–monetary policy mix: The role of alternative fiscal instruments,"
Journal of Policy Modeling,
Elsevier, vol. 33(6), pages 920-952.
- L. Marattin & M. Marzo & P. Zagaglia, 2010. "A welfare perspective on the fiscal-monetary policy mix: The role of alternative fiscal instruments," Working Papers wp720, Dipartimento Scienze Economiche, Universita' di Bologna.
- John Komlos & Marc Artzrouni, "undated".
"Mathematical Investigations of the Escape from the Malthusian Trap,"
Articles by John Komlos
24, Department of Economics, University of Munich.
- Komlos, John & Artzrouni, Marc, 1990. "Mathematical Investigations of the Escape from the Malthusian Trap," Munich Reprints in Economics 3427, University of Munich, Department of Economics.
- Rossana Merola & Douglas Sutherland, 2012. "Fiscal Consolidation: Part 3. Long-Run Projections and Fiscal Gap Calculations," OECD Economics Department Working Papers 934, OECD Publishing.
- Estrada, Mario Arturo Ruiz & Yap, Su Fei, 2013. "The origins and evolution of policy modeling," Journal of Policy Modeling, Elsevier, vol. 35(1), pages 170-182.
- Salvatore, Dominick, 2010. "Growth or stagnation after recession for the U.S. and other large advanced economies," Journal of Policy Modeling, Elsevier, vol. 32(5), pages 637-647, September.
- Hauptmeier, Sebastian & Sanchez-Fuentes, A. Jesus & Schuknecht, Ludger, 2011.
"Towards expenditure rules and fiscal sanity in the euro area,"
Journal of Policy Modeling,
Elsevier, vol. 33(4), pages 597-617, July.
- Hauptmeier, Sebastian & Sanchez Fuentes, Jesus & Schuknecht, Ludger, 2010. "Towards expenditure rules and fiscal sanity in the euro area," Working Paper Series 1266, European Central Bank.
- Schuknecht, Ludger & Hauptmeier, Sebastian & Sanchez Fuéntes, Jésus, 2011. "Towards Expenditure Rules and Fiscal Sanity in the Euro Area," Annual Conference 2011 (Frankfurt, Main): The Order of the World Economy - Lessons from the Crisis 48693, Verein für Socialpolitik / German Economic Association.
- Saunoris, James W. & Payne, James E., 2010. "Tax more or spend less? Asymmetries in the UK revenue-expenditure nexus," Journal of Policy Modeling, Elsevier, vol. 32(4), pages 478-487, July.
- Ratto, Marco & Roeger, Werner & Veld, Jan in 't, 2009. "QUEST III: An estimated open-economy DSGE model of the euro area with fiscal and monetary policy," Economic Modelling, Elsevier, vol. 26(1), pages 222-233, January.
- Krugman, Paul, 2000. "How Complicated Does the Model Have to Be?," Oxford Review of Economic Policy, Oxford University Press, vol. 16(4), pages 33-42, Winter.
- Fabio Tramontana, 2010.
"Economics as a compartmental system: a simple macroeconomic example,"
International Review of Economics,
Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 57(4), pages 347-360, December.
- Fabio Tramontana & Mauro Gallegati, 2010. "Economics as a compartmental system: a simple macroeconomic example," Working Papers 1011, University of Urbino Carlo Bo, Department of Economics, Society & Politics - Scientific Committee - L. Stefanini & G. Travaglini, revised 2010.
- Trachanas, Emmanouil & Katrakilidis, Constantinos, 2013. "Fiscal deficits under financial pressure and insolvency: Evidence for Italy, Greece and Spain," Journal of Policy Modeling, Elsevier, vol. 35(5), pages 730-749.
- Narayana R. Kocherlakota, 2010. "Modern macroeconomic models as tools for economic policy," The Region, Federal Reserve Bank of Minneapolis, issue May, pages 5-21.
CitationsCitations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
- Berrittella, Maria & Zhang, Jian, 2015. "Fiscal sustainability in the EU: From the short-term risk to the long-term challenge," Journal of Policy Modeling, Elsevier, vol. 37(2), pages 261-280.
More about this item
KeywordsCompartmental model; debt; system of differential equations; dynamical system; fiscal policy.;
- C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
- C62 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Existence and Stability Conditions of Equilibrium
- C63 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computational Techniques
- E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
- H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt
NEP fieldsThis paper has been announced in the following NEP Reports:
- NEP-ALL-2013-06-16 (All new papers)
StatisticsAccess and download statistics
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:pra:mprapa:47578. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Joachim Winter). General contact details of provider: http://edirc.repec.org/data/vfmunde.html .
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 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.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.