| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP437 |
| DP437 National Insolvency: A Test of the US Intertemporal Budget Constraint | |
| Michael R. Wickens; Merih Uctum | |
| 发表日期 | 1990-08-01 |
| 出版年 | 1990 |
| 语种 | 英语 |
| 摘要 | If a nation fails to satisfy its intertemporal budget constraint (IBC) then, like a government or a household, either it will become insolvent or it can consume more of its income. The main purpose of this paper is to establish necessary and sufficient conditions for a nation to satisfy its IBC, and to use these to carry out a test of whether the United States is violating its IBC. After suitable modifications the techniques used in the literature in testing the government IBC can be used; for example, the balance of payments replaces the government budget constraint. The analysis provides a number of new results and generalizations of existing results. |
| 主题 | International Macroeconomics |
| 关键词 | Balance of payments Budget constraint Government spending |
| URL | https://cepr.org/publications/dp437 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/529593 |
| 推荐引用方式 GB/T 7714 | Michael R. Wickens,Merih Uctum. DP437 National Insolvency: A Test of the US Intertemporal Budget Constraint. 1990. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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