Series: IMF Working Papers
Author(s): Noriaki Kinoshita
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 March 2006
Keywords: long-term interest rates, dynamic general equilibrium model, birth rate, simulation results, general equilibrium model, equations,
This paper examines the relationship between government debt and long-term interest rates. A dynamic general equilibrium model that incorporates debt nonneutrality is specified and solved, and numerical simulations...