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このアイテムの引用には次の識別子を使用してください: http://hdl.handle.net/10441/14925

タイトル: Sustainability of Public Debt in an AK Model with Complex Tax System
その他のタイトル: Sustainability of Public Debt in an AK Model with Complex Tax System
著者: Atsumasa, Kondo
近藤, 豊将
コンドウ, アツマサ
キーワード: sustainability of public debt
tax system
balanced growth path
dynamic general equilibrium
発行日: 2016年9月
出版者: Center for Risk Research (CRR), Shiga University
引用: CRR Discussion Paper, Series A, No. A-21, pp. 1-20
抄録: This paper theoretically investigates the role of the tax system in sustaining the public debt. The paper explicitly derives the critical level of the public debt-to-GDP ratio that is compatible with a balanced growth path. If the ratio exceeds this critical level at time 0, then it diverges to +∞ as time passes. Analyzing a situation where the government marginally increases the consumption tax rate, the paper reveals the extent to which the government can then cut the income tax rate while maintaining the sustainability of public debt. Tax rates that are compatible with the balanced growth are also derived as a function of the initial level of debt-to-GDP ratio.
URI: http://hdl.handle.net/10441/14925
出現コレクション:Series A : General( formerly : International Risk Study )


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