Fiscal Fatigue, Fiscal Space and Debt Sustainability in Advanced Economies
收藏NBER2011-02-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w16782
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资源简介：
How high can public debt rise without compromising fiscal solvency? We answer this question using a stochastic ability-to-pay model of sovereign default in which risk-neutral investors lend to a government that displays "fiscal fatigue," because its ability to increase primary balances cannot keep
提供机构：
美国国家经济研究局
创建时间：
2011-02-01
