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Using the government's budget identity, derive the dynamic equation for the debt to GDP ratio (), given by = + ( ), and discuss the
- Using the government's budget identity, derive the dynamic equation for the debt to GDP ratio (), given by = + ( ),
- and discuss the necessary condition for governments to stay solvent, i.e., not to default on its debt,
- and discuss the implication for long-run sustainability of debt.
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Real Estate Principles A Value Approach
Authors: David C Ling, Wayne Archer
5th edition
77836367, 978-0077836368
