Sustainability of the public debt and wealth inequalitin in a general equilibrium modely

Konishi, Kunihiko; Maebayashi, Noritaka

Discussion Papers In Economics And Business, 2016, 16-33, 1-34

アクセス数:292件（2025-07-02 14:44 集計）

固定URL: https://hdl.handle.net/11094/58824

論文情報

ファイル出力 EndNote Basic出力 Mendeley出力

タイトル
Sustainability of the public debt and wealth inequalitin in a general equilibrium modely
著者
NRID
1000010077802 1000010077802
著者名
Konishi, Kunihiko
NRID
1000030735733 1000030735733
著者名
Maebayashi, Noritaka
キーワード等
Fiscal sustainability
Public debt
Wealth inequality
Redistributive policy
Endogenous growth
抄録
This study investigates the correlation between sustainability of the public debt and wealth inequality in an endogenous growth model with heterogeneous agents. We show that the threshold for the sustainability of public debt can be related to not only relative size of public debt but also wealth inequality. In addition, this study examines the effects of budget deficit and redistributive policies on the sustainability of the public debt and wealth inequality. We show that an increase in the deficit ratio or the redistributive tax makes the public debt less sustainable. If the economy falls into the unsustainable region as a result of the policy change, both public debt and wealth inequality continue to increase.
出版者
Graduate School of Economics and Osaka School of International Public Policy (OSIPP), Osaka University
収録物名
Discussion Papers In Economics And Business
巻(号)
16-33
ページ
1-34
刊行年月
2016-12
言語
英語
ハンドルURL
https://hdl.handle.net/11094/58824
NCID
AA1160366X
関連情報 (references)
URI
http://www2.econ.osaka-u.ac.jp/library/global/dp/1633.pdf
アクセス権
metadata only access
カテゴリ
ディスカッション／ワーキング・ペーパー DP/WP
Discussion Papers In Economics And Business