A note on public debt, tax-exempt bonds, and Ponzi games (Record no. 57153)
[ view plain ]
| 000 -LEADER | |
|---|---|
| fixed length control field | 00728nam a2200145Ia 4500 |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20260716043932.0 |
| 080 ## - UNIVERSAL DECIMAL CLASSIFICATION NUMBER | |
| Universal Decimal Classification number | 11.01.01 W655 |
| 100 ## - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Wigger, Berthold U. |
| 245 ## - TITLE STATEMENT | |
| Title | A note on public debt, tax-exempt bonds, and Ponzi games |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
| Name of publisher, distributor, etc. | IMF |
| Place of publication, distribution, etc. | [Washington]US |
| Date of publication, distribution, etc. | 2007 |
| 300 ## - PHYSICAL DESCRIPTION | |
| Extent | 18 p. |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | Demonstrates that government can run a Ponzi game if the economy without public debt is dynamically efficient. This becomes possible when the return on private bonds or equity is taxed and the government issues tax-exempt bonds. Notes that unlike a traditional Ponzi game, the welfare effects of a Ponzi game based on the issuance of tax-exempt bonds are rather mixed. |
| 583 ## - ACTION NOTE | |
| Time/date of action | 3/19/09 |
| Action agent | JOYD |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Koha item type | Monograph |
| Call number suffix | W655 |
No items available.