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Sustainability of Public Debt in an AK Model with Complex Tax System
http://hdl.handle.net/10441/14925
http://hdl.handle.net/10441/14925d7b5bd59-4359-4803-87c2-7092418a0478
名前 / ファイル | ライセンス | アクション |
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Item type | テクニカルレポート / Technical Report(1) | |||||||
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公開日 | 2016-10-03 | |||||||
タイトル | ||||||||
タイトル | Sustainability of Public Debt in an AK Model with Complex Tax System | |||||||
言語 | ||||||||
言語 | eng | |||||||
キーワード | ||||||||
主題Scheme | Other | |||||||
主題 | sustainability of public debt | |||||||
キーワード | ||||||||
主題Scheme | Other | |||||||
主題 | tax system | |||||||
キーワード | ||||||||
主題Scheme | Other | |||||||
主題 | balanced growth path | |||||||
キーワード | ||||||||
主題Scheme | Other | |||||||
主題 | dynamic general equilibrium | |||||||
資源タイプ | ||||||||
資源タイプ識別子 | http://purl.org/coar/resource_type/c_18gh | |||||||
資源タイプ | technical report | |||||||
著者 |
Atsumasa, Kondo
× Atsumasa, Kondo
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著者(ヨミ) | ||||||||
姓名 | コンドウ, アツマサ | |||||||
著者別名 | ||||||||
姓名 | 近藤, 豊将 | |||||||
抄録 | ||||||||
内容記述タイプ | Abstract | |||||||
内容記述 | This paper theoretically investigates the role of the tax system in sustaining the public debt. The paper explicitly derives the critical level of the public debt-to-GDP ratio that is compatible with a balanced growth path. If the ratio exceeds this critical level at time 0, then it diverges to +∞ as time passes. Analyzing a situation where the government marginally increases the consumption tax rate, the paper reveals the extent to which the government can then cut the income tax rate while maintaining the sustainability of public debt. Tax rates that are compatible with the balanced growth are also derived as a function of the initial level of debt-to-GDP ratio. |
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引用 | ||||||||
内容記述タイプ | Other | |||||||
内容記述 | CRR Discussion Paper, Series A, No. A-21, pp. 1-20 | |||||||
書誌情報 |
CRR Discussion Paper, Series A 号 No. A-21, p. 1-20, 発行日 2016-09 |
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出版者 | ||||||||
出版者 | Center for Risk Research (CRR), Shiga University | |||||||
資源タイプ | ||||||||
内容記述タイプ | Other | |||||||
内容記述 | Technical Report |