STABILITY IN MONETARY MODELS OF INFLATION WITH AN ENDOGENOUS BUDGET
β Scribed by DAVID CURRIE
- Book ID
- 111042133
- Publisher
- John Wiley and Sons
- Year
- 1980
- Tongue
- English
- Weight
- 718 KB
- Volume
- 48
- Category
- Article
- ISSN
- 1463-6786
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I wish to thank Alain Venditti for his constant support and very useful suggestions. I am indebted to an anonymous referee and Philippe Michel for helpful comments, but also to Sandrine Catania and Pascal Belan for stimulating discussions. I thank Marc Seris for a careful reading of this version. Th
## Abstract In the present work we extend Diamondβs OLG model by allowing for endogenous fertility and look at the consequences of such an extension on the rules for optimal public debt issuing. In particular, we show that the condition according to which the rate of growth of population should be