Debt Policy Rules in an Open Economy

• 資料種別: 文書・図像類
• タイトル: Debt Policy Rules in an Open Economy
• 著者・編者: Morimoto, Keiichi; Maebayashi, Noritaka; Hori, Takeo; Futagami, Koichi
• 著者標目: Morimoto, Keiichi; https://nrid.nii.ac.jp/nrid/1000050609815; Maebayashi, Noritaka; https://nrid.nii.ac.jp/nrid/1000030735733; Hori, Takeo; https://nrid.nii.ac.jp/nrid/1000080547513; Futagami, Koichi; https://nrid.nii.ac.jp/nrid/1000030199400
• 出版事項: Graduate School of Economics and Osaka School of International Public Policy (OSIPP), Osaka University
• 出版年月日等: 2015-08
• 出版年（W3CDTF）: 2015-08
• タイトル（掲載誌）: Discussion Papers In Economics And Business
• 巻号年月日等（掲載誌）: 13-07-Rev.
• 掲載巻: 13-07-Rev.
• 掲載ページ: 1-42
• 本文の言語コード: eng
• 件名標目: Fiscal policy; Public debt; Welfare; Small open economy; Indeterminacy
• 対象利用者: 一般
• 一般注記: * Revised：Fiscal Sustainability, Macroeconomic Stability, and Welfare under Fiscal Discipline in a Small Open Economy [13-07, 2013]; In a small open economy model of endogenous growth with public capital accumulation, we examine the effects of a debt policy rule under which the government must reduce its debt–GDP ratio if it exceeds the criterion level. To sustain public debt at a finite level, the government should adjust public spending rather than the income tax rate. The long run debt–GDP ratio should be kept sufficiently low to avoid equilibrium indeterminacy. Under sustainability and determinacy, a tighter (looser) debt rule brings welfare gains when the world interest rate is relatively high (low).
• 掲載誌（NCID）: AA1160366X; https://ci.nii.ac.jp/ncid/AA1160366X
• 参照（URI）: URI; http://www2.econ.osaka-u.ac.jp/library/global/dp/1307R.pdf
• 連携機関・データベース: 国立情報学研究所 : 学術機関リポジトリデータベース（IRDB）（機関リポジトリ）; https://irdb.nii.ac.jp
• 提供元機関・データベース: 大阪大学 : 大阪大学学術情報庫 桜華