barro

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1 published entry by 1 member, in Fiscal Policy and Public Debt

Tax smoothing and the optimal level of debt

Barro's case for deficits in wars and recessions, the Lucas-Stokey view of debt as insurance, and Aiyagari and McGrattan's estimate of how much debt a precautionary economy wants.

@econcortex Fiscal Policy and Public Debt 1 week, 4 days ago 4 min
Public tax-smoothingoptimal-debtbarro