Interest-Growth Differentials and Debt Limits in Advanced Economies /
Do persistently low nominal interest rates mean that governments can safely borrow more? To addresses this question, I extend the model of Ghosh and others [2013] to allow for persistent stochastic changes in nominal interest and growth rates. The key model parameter is the long-run difference betwe...
| 1. autor: | |
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| Format: | Czasopismo |
| Język: | English |
| Wydane: |
Washington, D.C. :
International Monetary Fund,
2018.
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| Seria: | IMF Working Papers; Working Paper ;
No. 2018/082 |
| Dostęp online: | Full text available on IMF |