This paper surveys the literature on multiperiod models of foreign borrowing to shed light on the issues of how much a country should borrow and under what circumstances there is a role for public intervention. The paper identifies the essential structural elements of multiperiod models and draws out the ramifications of the alternative specifications adopted. It discusses the insights and shortcomings of three classes of models: non-optimizing, optimizing...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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1984/03/31
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Рабочий документ департамента
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CPD8405
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1
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1
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2017/11/15
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Disclosed
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The costs and benefits of foreign borrowing : a survey of multi-period models
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