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