Mellár, Tamás (2003) Comments on Debt Dynamics. Acta Oeconomica, 53 (1). pp. 29-43. ISSN 0001-6373
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Official URL: http://dx.doi.org/10.1556/AOecon.53.2003.1.2
Abstract
The present paper deals with the accumulation of public debt based on different kinds of non-linear models. The same problem is analysed here in three different models. In the first model difference between growth rate and interest rate depends lineary on the debt/GDP ratio and the budget deficit. In the second model version this connection was non-linear, so two kinds of economic policy could be applied. In the third version the growth rate as well as the interest rate are in close connection with the debt/GDP ratio, in this case a stable equilibrium or a saddle path could be shown up.
| Item Type: | Article |
|---|---|
| Subjects: | H Social Sciences / társadalomtudományok > H Social Sciences (General) / társadalomtudomány általában |
| Depositing User: | xKatalin xBarta |
| Date Deposited: | 27 Jan 2017 10:20 |
| Last Modified: | 30 Apr 2023 23:15 |
| URI: | http://real.mtak.hu/id/eprint/46558 |
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