2013 Fiscal Year Final Research Report
Analysis of the Sustainability of the Government Debt in Dynamic General Equilibrium Model
| Project/Area Number |
23530381
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| Research Category |
Grant-in-Aid for Scientific Research (C)
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| Allocation Type | Multi-year Fund |
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| Section | 一般 |
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| Research Field |
Public finance/Monetary economics
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| Research Institution | Tokai University (2013)
Keio University (2011-2012) |
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Principal Investigator |
HIRAGA Kazuki 東海大学, 政治経済学部, 講師 (40528923)
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| Co-Investigator(Kenkyū-buntansha) |
EGUCHI Masataka 駒澤大学, 経済学部, 講師 (40600507)
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| Project Period (FY) |
2011 – 2013
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| Keywords | 政府債務の持続可能性 / 動学的一般均衡モデル |
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| Research Abstract |
This research investigates the method for evaluating the sustainability of the government debt using dynamic general equilibrium. We obtain the three achievements. First, we explain the weak condition of wide sense of the sustainability using simple economic model. Second, we induce the sustainability condition in both the government debt and economics using overlapped generation model. Finally, we develop the new method for investigating the sustainability connecting fiscal stabilization rule and statistical methods.
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