An important issue within the present economic crisis is understanding the dynamics of the public debt of a given country, and how the behavior of average consumers and tax payers in that country affects it. Starting from a model of the average consumer behavior introduced earlier by the authors, we propose a simple model to quantitatively address this issue. The model is then studied and analytically solved under some reasonable simplifying assumptions. In this way we obtain a condition under which the public debt steadily decreases.
|Titolo:||The effect of the behavior of an average consumer on the public debt dynamics|
DE LUCA, Roberto [Membro del Collaboration Group]
DI MAURO, MARCO [Membro del Collaboration Group] (Corresponding)
NADDEO, ADELE [Membro del Collaboration Group]
|Data di pubblicazione:||2017|
|Appare nelle tipologie:||1.1.1 Articolo su rivista con DOI|