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Public Finance and a Review of Basic Concepts Read chapter Read first chapter

2017 | OriginalPaper | Chapter

4. Public Debt

Author : Toshihiro Ihori

Published in: Principles of Public Finance

Publisher: Springer Singapore

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Abstract

In order to investigate the burden of public debt, it is useful to explain Ricard’s neutrality theorem. We employ a simple two-period model as in Chap. 3. In this regard, a household optimizes consumption for two periods, namely period 1 (current period) and period 2 (future period).

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previous chapter The Macroeconomic Theory of Fiscal Policy II
next chapter Economic Growth and Fiscal Policy
Appendix
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Literature
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Metadata
Title
Public Debt
Author
Toshihiro Ihori
Copyright Year
2017
Publisher
Springer Singapore
Book
Principles of Public Finance

Print ISBN: 978-981-10-2388-0

Electronic ISBN: 978-981-10-2389-7

Copyright Year: 2017

DOI
https://doi.org/10.1007/978-981-10-2389-7_4