Testing government solvency and the No Ponzi Game condition

被引：13

作者：

Bergman, M ^{[1
]}

机构：

[1] Univ Lund, Dept Econ, S-22007 Lund, Sweden

来源：

APPLIED ECONOMICS LETTERS | 2001年 / 8卷 / 01期

关键词：

D O I：

10.1080/135048501750041240

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

The paper derives new conditions for government solvency. It is shown that the No Ponzi Game condition is satisfied when government debt is integrated of any finite order but not when government debt is an explosive process.

引用

页码：27 / 29

页数：3

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