英文文献:Government Debt and Capital Accumulation in the Blanchard-Cass-Yaari OLG Model-blanchard - cassi - yaari OLG模型中的政府债务和资本积累
英文文献作者:Bo Sandemann Rasmussen
英文文献摘要:
It is shown that although government debt in principle has an ambiguous effect on the steady state capital stock in an OLG model of the Blanchard-Cass-Yaari variety, once stability of the steady state equilibrium is imposed there is an unambiguous negative relation between the level of government debt and the capital stock.
结果表明,尽管政府债务原则上一个模棱两可的影响稳态资本存量OLG Blanchard-Cass-Yaari的模型不同,一旦稳态平衡的稳定性是有一个明确的实施负关系政府债务和资本存量水平。


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