Debt, deficits, and finite horizons

Many issues in macroeconomics, such as the level of the steady-state interest rate or the dynamic effects of government deficits, depend crucially on the horizon of agents. This paper develops a simple analytical model in which such issues can be examined and in which the horizon of agents is a para...

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Bibliographic Details
Main Author: Blanchard, Olivier Jean
Format: Book
Published: Chicago, Ill. University of Chicago Press April 1985
Series:Journal of Political Economy n. 2
Subjects:

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