It takes the average reader and 30 minutes to read Costly Increases in Public Debt when R by Yongquan Cao
Assuming a reading speed of 250 words per minute. Learn more
This paper quantifies the costs of a permanent increase in debt to GDP. We employ a deterministic, overlapping generations model with two assets and no risk of default. The two assets are public debt and private (productive) capital. We assume that the return on private capital equals the interest rate on public debt plus an exogenously given spread. Employing a analytical version of the model we show an example in which a permanent rise in the public debt ratio leads to a significant reduction in steady-state GDP even as r
Costly Increases in Public Debt when R by Yongquan Cao is 29 pages long, and a total of 7,511 words.
This makes it 10% the length of the average book. It also has 9% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 41 minutes to read Costly Increases in Public Debt when R aloud.
Costly Increases in Public Debt when R is suitable for students ages 8 and up.
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