Essays on internal and external government debt

This doctoral thesis treats three aspects of governement debt and deficits. First the sustainability question is investigated. The empirical results imply that the no-Ponzi-game condition cannot be rejected on Swedish quarterly data
Second the effects of internal and external government debt on private consumption is treated. This chapter points out capital controls as a new source of deviation from Ricardian equivalence. The empirical results, using Swedish quarterly data, strongly support that the private sector reacts differently on internal and external debt
The final chapter uses an endogenous growth OLG-model to study the growth effects of internal and external government borrowing. It is showed that internal debt has a bigger negative groth effect than external debt in a small economy with capital controls


Publication infos:
Genève, Institut universitaire de hautes études internationales, 1994
Publication year:
1994
Number of pages:
112 p.
PhD Director(s):
Directeur de thèse: Professeur Richard Baldwin ; codirecteur: Professeur Hans Genberg
Call number:
HEITH 526



 Record created 2011-06-03, last modified 2019-09-30


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