We are grateful to Pablo Winant for his exceptional assistance with solving non-linear models with occasionally binding constraints, as well as to the Editor, Wouter Den Haan, and an anonymous referee for useful comments. Bilbiie thanks the Banque de France for financial support through the eponymous Chair at the Paris School of Economics, and New York University–Abu Dhabi for hospitality during part of writing this article. Monacelli gratefully acknowledges the contribution of 2012-15 ERC Grant FINIMPMACRO. The views expressed are those of the authors and do not necessarily reflect official views or policies of the Banque de France.
Public Debt and Redistribution with Borrowing Constraints
Article first published online: 26 FEB 2013
© 2013 The Author(s). The Economic Journal © 2013 Royal Economic Society
The Economic Journal
Volume 123, Issue 566, pages F64–F98, February 2013
How to Cite
Bilbiie, F. O., Monacelli, T. and Perotti, R. (2013), Public Debt and Redistribution with Borrowing Constraints. The Economic Journal, 123: F64–F98. doi: 10.1111/ecoj.12012
- Issue published online: 26 FEB 2013
- Article first published online: 26 FEB 2013
- Accepted manuscript online: 31 OCT 2012 12:00AM EST
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