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Debt and Deficits with Finite Horizons by jodes26241 is a document available to read on EtoBox.
The paper by Olivier J. Blanchard examines the impact of finite horizons on macroeconomic variables such as interest rates and government deficits through a model that allows for varying agent horizons. It highlights the complexities of aggregate consumption in an economy with finitely lived agents, emphasizing the roles of government spending, deficits, and debt in determining interest rates. The analysis concludes that finite horizons can lead to ambiguous effects on capital accumulation and fiscal policy
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- jodes26241
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- EN