Ferrari, Giorgio; Rodosthenous, Neofytos: Optimal Control of Debt-To-GDP Ratio in an N-State Regime Switching Economy. In: . Jg.589. 2019
Inhalt
- 1. Introduction
- 2. Setting and Problem Formulation
- 3. On the Existence of the Optimal Debt Ratio Management Policy
- 4. The Associated Optimal Stopping Game
- 5. The Optimal Debt Management Rule
- 6. Explicit Solution in a Case Study with Two Regimes
- 6.1. Derivation of the Explicit Solution.
- 6.2. Comparative Statics Analysis
- 6.3. Comparison with the no-regime-switching case
- Acknowledgments
- References