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Government Debt

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Government Debt

Postby Daniel Bendel » Fri May 17, 2013 9:18 am

Hey folks,

just one short question: when I have governmental debt, do i have to declare that debt is a predetermined variable as capital?

Thanks for your help.

Daniel
Germany, Cologne
Daniel Bendel
 
Posts: 134
Joined: Tue Nov 15, 2011 1:06 pm
Location: Cologne, Germany
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Re: Government Debt

Postby jpfeifer » Fri May 17, 2013 5:52 pm

Usually yes. In the typical paper beginning of period stock notation, b_t+1 like k_t+1 is bought at time t and you enter the period t+1 with this stock that provides you with interest without the ability to change it anymore. If you use this timing, it has to be a predetermined variable like capital. If you use Dynare's end of period stock notation, you must not declare it additionally as a predetermined variable.
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Johannes Pfeifer
University of Cologne
https://sites.google.com/site/pfeiferecon/
jpfeifer
 
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Re: Government Debt

Postby Daniel Bendel » Tue May 21, 2013 12:59 pm

Thanks for your answer. I have to rethink this.
Germany, Cologne
Daniel Bendel
 
Posts: 134
Joined: Tue Nov 15, 2011 1:06 pm
Location: Cologne, Germany
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