Sustainable Plans and Mutual Default /
This paper presents a model of optimal taxation in which both private agents and the government can default on their debt. We first consider Ramsey equilibria in which the government can precommit to its policies but in which private agents can default. We then consider sustainable equilibria in whi...
| Yazar: | |
|---|---|
| Diğer Yazarlar: | |
| Materyal Türü: | Dergi |
| Dil: | English |
| Baskı/Yayın Bilgisi: |
Washington, D.C. :
International Monetary Fund,
1990.
|
| Seri Bilgileri: | IMF Working Papers; Working Paper ;
No. 1990/022 |
| Online Erişim: | Full text available on IMF |
Benzer Materyaller
Non-Defaultable Debt and Sovereign Risk /
Yazar:: Hatchondo, Juan Carlos
Baskı/Yayın Bilgisi: (2014)
Yazar:: Hatchondo, Juan Carlos
Baskı/Yayın Bilgisi: (2014)