Twin-Debt Problem in an Interdependent World

机译：相互依存的世界中的双债问题

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摘要

A two-country model with a portfolio choice between money and imperfectlysubstitutable domestic and foreign bonds, a floating exchange rate and perfect foresight is presented. Account is taken of capital accumulation, government debt and current account dynamics. Numerical methods, including extensive sensitivity analysis, are used to trace the effects and spillover effects of policies aimed at the reduction of both external and government debt. These policies are conducted in a country with nominal wage rigidity, while the passive country is characterized by real wage rigidity.

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作者
de Groof, R.; van Tuijl, M.;
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年度 1993
页码 1-37
总页数 37
原文格式 PDF
正文语种 eng
中图分类工业技术;
关键词
Economic models; Liabilities; Economic theory; Simulations; Wages; Assets; Investments; Budgets; Econometrics;

机译：经济模型;负债;经济理论;模拟;工资;资产;投资;预算;计量经济学;

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7. The twin-debt problem in an interdependent world [O] . R. de Groof, M. van Tuijl 1994

机译：相互依存的世界中的双债务问题

Twin-Debt Problem in an Interdependent World

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