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3 edition of Debt, deficits and finite horizons found in the catalog.

Debt, deficits and finite horizons

Roger Farmer

Debt, deficits and finite horizons

the stochastic case

by Roger Farmer

  • 85 Want to read
  • 18 Currently reading

Published by National Bureau of Economic Research in Cambridge, MA .
Written in English


Edition Notes

StatementRoger Farmer, Carine Nourry, Alain Venditti.
SeriesNBER working paper series -- working paper 15025, Working paper series (National Bureau of Economic Research : Online) -- working paper no. 15025.
ContributionsNourry, Carine., Venditti, Alain., National Bureau of Economic Research.
Classifications
LC ClassificationsHB1
The Physical Object
FormatElectronic resource
ID Numbers
Open LibraryOL23683716M
LC Control Number2009655990

Enter the password to open this PDF file: Cancel OK. File name: . Debt Deficit And Economic Performance It seems that you're in USA. We have a dedicated site for Finite Horizons, Infinite Horizons, and Stock Prices. Public Sector Debt and Deficits in Greece: The Experience of the s and Future Prospects.

Get this from a library! Debt, Deficits and Finite Horizons: The Stochastic Case. [Roger Farmer; Carine Nourry; Alain Venditti] -- We introduce a solution technique for the study of discrete time stochastic models populated by long-lived agents. We introduce aggregate uncertainty and complete markets into a 'perpetual-youth'. Books to Borrow. Top American Libraries Canadian Libraries Universal Library Community Texts Project Gutenberg Biodiversity Heritage Library Children's Library. Open Library. Featured movies All video latest This Just In Prelinger Archives Democracy Now! Occupy Wall Street TV NSA Clip Library.

  To control for the effects of the business cycle, and associated monetary policy actions, on debt, deficits, and interest rates, this paper studies the relationship between long-horizon forward rates and future federal government deficits and debt as projected by the Congressional Budget Office. For the entire year sample for which these Cited by:   Blanchard, Olivier () Debt, deficits, and finite horizons. Journal of Political Econ – Checherita, Christina, Hallett, Andrew Hughes, and Rother, Philipp () Fiscal sustainability using growth-maximising debt by: 5.


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Debt, deficits and finite horizons by Roger Farmer Download PDF EPUB FB2

Tive roles of government spending, deficits, and(debt in the (letermi-nation of interest rates. This paper characterizes the dynamic behavior of an economy where agents have finite horizons. It then analyzes the effects and the role of' government debt and deficits.

There is in general no simple aggre. The focus is on the effects of the horizon index on the economy. The paper clarifies in particular the separate roles of finite horizons and declining labor income through life in the determination of steady state interest next three sections study the effects and the role of fiscal focus is on the effects of deficit finance both in closed and open by: "Debt, Deficits and the Demise of the American Economy is a sobering and frightful account of the nation's financial challenges that should be read and understood by all Americans, whether they agree with the authors' conclusions or not." ―Steve Liesman, Senior Economics Reporter, CNBC/5(15).

About article usage data: Lorem ipsum dolor sit amet, consectetur adipiscing elit. Aenean euismod bibendum laoreet. Proin gravida dolor sit amet lacus accumsan et viverra justo by: The paper clarifies in particular the separate roles of finite horizons and declining labor income through life in the determination of steady state interest next three sections study Author: Olivier Blanchard.

Only about 1/2 of the book (the first half) is devoted to the titular subject, while the second half is devoted to investment advice. The premise, that deficits are bad, is something of a truism, but the policy devices and overly emotional obsession with inflation is a little off-putting/5.

Debt, Deficits, and Finite Horizons Olivier J. Blanchard The Journal of Political Economy, Vol. 93, No. (Apr., ), pp. Stable URL:File Size: 1MB. Part of the Central Issues in Contemporary Economic Theory and Policy book series (CICETP) Log in to check access.

Buy eBook. USD Finite Horizons, Infinite Horizons, and Stock Prices. Paul Evans. Public Sector Debt and Deficits in Greece: The Experience of the s and Future Prospects.

Yannis A. Stournaras. the public debt is an intergenerational burden in that it leads to a smaller stock of Finite Horizons and Related Issues The idea of finite horizons, motivated by the finiteness of life, is central to The Ricardian Approach to Budget Deficits 41 3 3, 2. Between Debt and the Devil challenges the belief that we need credit growth to fuel economic growth, and that rising debt is okay as long as inflation remains low.

In fact, most credit is not needed for economic growth―but it drives real estate booms Cited by:   The focus is on the effects of the horizon index on the economy. The paper clarifies in particular the separate roles of finite horizons and declining labor income through life in the determination of steady state interest next three sections study the effects and the role of fiscal focus is on the effects of deficit finance both in closed and open by: The paper clarifies in particular the separate roles of finite horizons and declining labor income through life in the determination of steady state interest next three sections study the effects and the role of fiscal focus is on the effects of deficit finance both in closed and open economies.

Debt, deficits and finite horizons: The stochastic case One could assume that aggregate assets a t equal zero or that government issues money or debt that equals a t in equilibrium.

O.J. BlanchardDebt deficits and finite horizons. Journal of Political Economy, 93 (), pp. Google by: 8. Debt, Deficits and Finite Horizons: The Stochastic Case. NBER Working Paper No. w 21 Pages Posted: 3 Jun Last revised: 23 Jan See all articles Author: Roger E.

Farmer, Carine Nourry, Alain Venditti, Alain Venditti. Peter A. Diamond (), ‘National Debt in a Neoclassical Growth Model’, American Economic Review, 55 (5), December, –50 B. More Recent Literature 4. Olivier J. Blanchard (), ‘Debt, Deficits and Finite Horizons,’ Journal of Political Economy, 93 (2), April, –47 5.

@MISC{Farmer_debt,deficits, author = {Roger E. Farmer and Carine Nourry and Alain Venditti}, title = {DEBT, DEFICITS AND FINITE HORIZONS: A STOCHASTIC DYNAMIC ANALYSIS}, year = {}} Share.

OpenURL. Abstract. Abstract. We introduce aggregate uncertainty and complete markets into Blan-chard’s () perpetual youth model. Journals & Books; Register Sign in.

The steady-state model is used to examine the comparative implications of deficit finance, and age-specific mortality is shown to alter the non-Ricardian properties of the model.

O BlanchardDebt, deficits, and finite horizons. Journal of Political Economy, 93 (), pp. Google by: DEBT, DEFICITS AND FINITE HORIZONS: THE STOCHASTIC CASE 2 the model have been analyzed computationally by Rios-Rull () and the dynamics of the two-period version have been analyzed by David Gale ().

The overlapping generations model has very different properties from that of theAuthor: Roger E. Farmer, Carine Nourry, Alain Venditti, Alain Venditti. Debt, Deficits and Finite Horizons: The Stochastic Case Article in Economics Letters (1) April with 48 Reads How we measure 'reads'.

w Debt, Deficits and Finite Horizons: Friedman: w Deficits and Debt in the Short and Long Run: Farmer, Nourry, and Venditti: w The Inefficient Markets Hypothesis: Why Financial Markets Do Not Work Well in the Real World: Farmer: w Asset Prices in a Lifecycle Economy: Bordo, Meissner, and Stuckler: w Foreign Currency Debt, Financial Crises and Economic Growth: Author: Roger E.

Farmer, Carine Nourry, Alain Venditti, Alain Venditti. The paper clarifies in particular the separate roles of finite horizons and declining labor income through life in the determination of steady state interest rates.

The next three sections study the effects and the role of fiscal policy. The focus is on the effects of deficit finance both in closed and open economies.Books and Chapters Software Components.

Authors. JEL codes New Economics Papers. Advanced Search. EconPapers FAQ Archive maintainers FAQ Cookies at EconPapers. Format for printing. The RePEc blog The RePEc plagiarism page Debt, Deficits, and Finite Horizons.

Olivier Blanchard () Journal of Political Economy,vol. 93, issue 2, Date Cited by: The reason is that households with infinite horizons do not view the government debt as net wealth and hence may regard budget deficits (i.e., deferred taxes) and current taxes as equivalent. Ricardian equivalence is said to hold if households behave in this fashion (1).Author: Paul Evans.