Consider the Tabellini Alesina model in the case where can only take on the values 0

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Consider the Tabellini Alesina model in the case where α can only take on the values 0 and 1. Suppose that there is some initial level of debt, D0. How, if at all, does D0 affect the deficit in period 1?

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Advanced Macroeconomics

ISBN: 9781260231250

5th Edition

Authors: David Romer

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Question Posted: Nov 14, 2024 07:01 AM

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Consider the Tabellini Alesina model in the case where can only take on the values 0

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Advanced Macroeconomics

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