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Myopic governments and welfare-enhancing debt limits. (2011). Rieth, Malte.
In: Working Paper Series.
RePEc:ecb:ecbwps:20111308.

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  1. Revisiting Neoclassical Economic Growth: A Survey in the Literature. (2015). Gupta, Mayank.
    In: Journal of Economics and Political Economy.
    RePEc:ksp:journ1:v:2:y:2015:i:1:p:118-136.

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  2. Banks, Sovereign Debt and the International Transmission of Business Cycles. (2012). Minetti, Raoul ; Iacoviello, Matteo ; Guerrieri, Luca.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:18303.

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  3. Banks, Sovereign Debt, and the International Transmission of Business Cycles. (2012). Guerrieri, Luca ; Minetti, Raoul ; Iacoviello, Matteo.
    In: NBER Chapters.
    RePEc:nbr:nberch:12786.

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  4. Banks, sovereign debt and the international transmission of business cycles. (2012). Minetti, Raoul ; Iacoviello, Matteo ; Guerrieri, Luca.
    In: International Finance Discussion Papers.
    RePEc:fip:fedgif:1067.

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References

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  5. A Derivation of the implementability constraint This appendix shows in detail how to derive the sequence of implementability constraints. To start with, substitute out prices Rt and t in the household's budget constraint (2) by using the household's first order conditions (4) and (5) to obtain ct + bt+1 Et uc,t+1 uc,t -bt+1 yt = -un,tnt uc,t + bt, (40) where = t was used. Rewrite (40) as bt = ct + un,tnt uc,t -b2 t+1 yt + Et uc,t+1 uc,t bt+1. (41) ECB Working Paper Series No 1308 March 2011
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