This paper studies optinnal public debt in a dynastic model with human capital externalities that cause human capital investment (fertility) to be below (above) its socially optimal level. By reducing fertility and raising human capital investment, the optimal debt can exceed 10% of output for plausible parameterizations
Very few studies have explored the optimality properties of the "standard model " of ferti...
This paper explores how public debt interferes with the accumulation of physical capital when the te...
This paper develops an overlapping-generations model to study the growth-maximizing level of public ...
10.1016/j.jedc.2004.12.005Journal of Economic Dynamics and Control302347-360JEDC
In the present work we extend Diamond’s OLG model by allowing for endogenous fertility and look a...
This paper studies optimal fiscal policy when households face uninsurable idiosyncratic human capita...
Investments in human capital are individual and collective choices carrying significant external eff...
In the present work we show that, when one allows for endogenous fertility in Diamonds (1965) OLG mo...
This paper investigates economic growth under liquidity constraints by taking into account the choic...
When young individuals face binding debt constraints, their human capital investments will be insuff...
Greiner A. Human capital formation, public debt and economic growth. JOURNAL OF MACROECONOMICS. 2008...
This paper devises a fiscal policy by means of which the first-best optimum equilibrium is attained ...
Using an over-lapping generations (OLG) model, we show how small open economies can enhance their gr...
This paper presents an overlapping-generations endogenous growth model of human capital accumulation...
10.1016/j.jedc.2012.07.003Journal of Economic Dynamics and Control371154-175JEDC
Very few studies have explored the optimality properties of the "standard model " of ferti...
This paper explores how public debt interferes with the accumulation of physical capital when the te...
This paper develops an overlapping-generations model to study the growth-maximizing level of public ...
10.1016/j.jedc.2004.12.005Journal of Economic Dynamics and Control302347-360JEDC
In the present work we extend Diamond’s OLG model by allowing for endogenous fertility and look a...
This paper studies optimal fiscal policy when households face uninsurable idiosyncratic human capita...
Investments in human capital are individual and collective choices carrying significant external eff...
In the present work we show that, when one allows for endogenous fertility in Diamonds (1965) OLG mo...
This paper investigates economic growth under liquidity constraints by taking into account the choic...
When young individuals face binding debt constraints, their human capital investments will be insuff...
Greiner A. Human capital formation, public debt and economic growth. JOURNAL OF MACROECONOMICS. 2008...
This paper devises a fiscal policy by means of which the first-best optimum equilibrium is attained ...
Using an over-lapping generations (OLG) model, we show how small open economies can enhance their gr...
This paper presents an overlapping-generations endogenous growth model of human capital accumulation...
10.1016/j.jedc.2012.07.003Journal of Economic Dynamics and Control371154-175JEDC
Very few studies have explored the optimality properties of the "standard model " of ferti...
This paper explores how public debt interferes with the accumulation of physical capital when the te...
This paper develops an overlapping-generations model to study the growth-maximizing level of public ...
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