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• W2126321856 abstract "The international transmission of shocks in population growth and technology is examined in an interdependent two-country world economy; decisions concerning the intertemporal allocation are made by social planners with an infinite horizon and an endogenous rate of time preference. Steady state shocks in population growth are shown to be negatively transmitted to the rate of time preference. In the steady state, the optimal foreign debt is determinate and it brings about a convergence of time preference. The net creditor and debtor positions in the steady state depend on the discount rate functions, the states of technology and the rates of population growth." @default.
• W2126321856 created "2016-06-24" @default.
• W2126321856 creator A5047319670 @default.
• W2126321856 date "1991-10-01" @default.
• W2126321856 modified "2023-09-26" @default.
• W2126321856 title "OPTIMAL INTERNATIONAL DEBT AND ENDOGENOUS TIME PREFERENCE IN A DEMOGRAPHICALLY DIVIDED WORLD (*)" @default.
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• W2126321856 doi "https://doi.org/10.1111/j.1467-999x.1991.tb00372.x" @default.
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