Abstract
At this stage, we leave the Solow model and turn to the overlapping generations model. The Solow model was based on a fixed saving ratio. The overlapping generations model, instead, assumes intertemporal optimization by private agents within a finite horizon.
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© 1995 Physica-Verlag Heidelberg
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Carlberg, M. (1995). Fixed Deficit Ratio. In: Sustainability and Optimality of Public Debt. Contributions to Economics. Physica-Verlag HD. https://doi.org/10.1007/978-3-642-46965-7_7
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DOI: https://doi.org/10.1007/978-3-642-46965-7_7
Publisher Name: Physica-Verlag HD
Print ISBN: 978-3-7908-0834-6
Online ISBN: 978-3-642-46965-7
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