Sustainable Fiscal Strategies under Changing Demographics: A Political Economy Perspective

Andrew Hughes Hallett, Svend E. Hougaard Jensen, Filipe Vieira, Thorsteinn Sigurdur Sveinsson

Publikation: Bidrag til bog/antologi/rapportKonferenceabstrakt i proceedingsForskningpeer review

Abstrakt

This paper develops an overlapping generations model to evaluate, first, the steady state growthmaximizing level of public debt around which the economy needs to stabilise; second, how the optimal level of public debt varies as a function of key population parameters; third, how fiscal rules designed to stabilise the economy around that debt level need to vary with the population parameters; and, fourth, how the model performs as a reasonable and plausible representation of the economies that we might be concerned with. Finally, following the diminished fiscal space and flexibility that is created by deteriorating population parameters, some political economy perspectives are offered.
OriginalsprogEngelsk
Titel49th Annual Monetary Studies Conference : Repositioning Small States for New Global Realities: Book of Abstracts
Udgivelses stedKingston
ForlagThe University of the West Indies
Publikationsdato2017
Sider23
StatusUdgivet - 2017
BegivenhedThe 49th Annual Monetary Studies Conference - Radisson Fort George Hotel and Marina, Belize City, Belize
Varighed: 8 nov. 201710 nov. 2017
Konferencens nummer: 49
http://www.ccmf-uwi.org/49th%20Annual%20Monetary%20Studies%20Conference

Konference

KonferenceThe 49th Annual Monetary Studies Conference
Nummer49
LokationRadisson Fort George Hotel and Marina
LandBelize
ByBelize City
Periode08/11/201710/11/2017
Internetadresse

Emneord

  • Fiscal rules
  • Public debt
  • Economic growth
  • Demographic changes

Citationsformater

Hallett, A. H., Hougaard Jensen, S. E., Vieira, F., & Sveinsson, T. S. (2017). Sustainable Fiscal Strategies under Changing Demographics: A Political Economy Perspective. I 49th Annual Monetary Studies Conference: Repositioning Small States for New Global Realities: Book of Abstracts (s. 23). Kingston: The University of the West Indies.