| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w15025 |
| 来源ID | Working Paper 15025 |
| Debt, Deficits and Finite Horizons: The Stochastic Case | |
| Roger Farmer; Carine Nourry; Alain Venditti | |
| 发表日期 | 2009-06-01 |
| 出版年 | 2009 |
| 语种 | 英语 |
| 摘要 | We introduce a solution technique for the study of discrete time stochastic models populated by long-lived agents. We introduce aggregate uncertainty and complete markets into a 'perpetual-youth' model of a kind first studied by Olivier Blanchard and we show that the pure-trade version of the model behaves much like the two-period overlapping generations model. Our methods are easily generalized to economies with production and they should prove useful to researchers who seek a tractable stochastic model in which fiscal policy has real effects on aggregate allocations. |
| 主题 | Econometrics ; Estimation Methods ; Macroeconomics ; Fiscal Policy |
| URL | https://www.nber.org/papers/w15025 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/572701 |
| 推荐引用方式 GB/T 7714 | Roger Farmer,Carine Nourry,Alain Venditti. Debt, Deficits and Finite Horizons: The Stochastic Case. 2009. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w15025.pdf（256KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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