Debt and deficit fluctuations and the structure of bond markets

DOI10.1016/J.JET.2008.06.009zbMath1158.91445OpenAlexW3122721147MaRDI QIDQ1007318

Albert Marcet, Andrew Scott

Publication date: 20 March 2009

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: http://hdl.handle.net/10230/383

zbMATH Keywords

fiscal deficitsoptimal fiscal policygovernment debtcomplete vs incomplete marketsdebt managementtax smoothing

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64)

Related Items (8)

Capital taxation and government debt policy with public discounting ⋮ Optimal fiscal policy under learning ⋮ Doubts about the model and optimal policy ⋮ Detecting early warning signals of financial crisis in spatial endogenous credit model using patch-size distribution ⋮ Fiscal policy over the real business cycle: a positive theory ⋮ Dynamics between the budget deficit and the government debt in the United States: a nonlinear analysis ⋮ Optimal taxation with endogenously incomplete debt markets ⋮ Markov-perfect capital and labor taxes

Cites Work

• Optimal fiscal policy in a stochastic growth model
• Optimal fiscal and monetary policy under sticky prices.
• Fiscal shocks and their consequences.
• EQUILIBRIUM ASSET PRICES AND SAVINGS OF HETEROGENEOUS AGENTS IN THE PRESENCE OF INCOMPLETE MARKETS AND PORTFOLIO CONSTRAINTS
• Optimal Taxation with Private Government Information
• Fiscal Policy with Noncontingent Debt and the Optimal Maturity Structure

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