
<http://researchdatabase.minneapolisfed.org/concern/publications/2514nk499/list_source> <http://purl.org/dc/terms/hasPart> <http://researchdatabase.minneapolisfed.org/concern/publications/2514nk499/list_source#g71531440>;
  <http://www.iana.org/assignments/relation/first> <http://researchdatabase.minneapolisfed.org/concern/publications/2514nk499/list_source#g71531440>;
  <http://www.iana.org/assignments/relation/last> <http://researchdatabase.minneapolisfed.org/concern/publications/2514nk499/list_source#g71531440>;
  <info:fedora/fedora-system:def/model#hasModel> "ActiveFedora::Aggregation::ListSource" .

<http://researchdatabase.minneapolisfed.org/concern/publications/2514nk499> a <http://projecthydra.org/works/models#Work>,
    <http://pcdm.org/models#Object>;
  <http://purl.org/dc/terms/title> "Sustainable Plans and Debt";
  <http://fedora.info/definitions/1/0/access/ObjState#objState> <http://fedora.info/definitions/1/0/access/ObjState#active>;
  <http://id.loc.gov/vocabulary/relators/dpt> "batchuser@example.com";
  <http://purl.org/dc/elements/1.1/creator> "Chari, V. V.",
    "Kehoe, Patrick J.";
  <http://purl.org/dc/elements/1.1/publisher> "Federal Reserve Bank of Minneapolis";
  <http://purl.org/dc/elements/1.1/relation> "Debt",
    "Economic policy",
    "Fiscal policy";
  <http://purl.org/dc/elements/1.1/subject> "E62 - Fiscal Policy",
    "E61 - Policy Objectives; Policy Designs and Consistency; Policy Coordination";
  <http://purl.org/dc/terms/abstract> "In this paper we analyze the constraints imposed by dynamic consistency in a model of optimal taxation. We assume that only distorting taxes are available to finance government consumption. Optimal fiscal policy requires the use of debt to smooth distortions over time. Dynamic consistency requires that governments at each point in time not have an incentive to default on the inherited debt. We consider policy functions which map the history of the economy including the actions of past governments into current decisions. A sustainable plan is a sequence of history-contingent policies which are optimal at each date given that future policies will be selected according to the plan. We show that if agents discount the future sufficiently little and if government consumption fluctuates then optimal sustainable plans yield policies  and allocations which are identical to those under full commitment. We contrast our notion of dynamic consistency with other definitions."^^<http://ns.ontowiki.net/SysOnt/Markdown>;
  <http://purl.org/dc/terms/alternative> "Father of sustainable plans and mutual default / V. V. Chari, Patrick J. Kehoe.";
  <http://purl.org/dc/terms/created> "1987-11";
  <http://purl.org/dc/terms/dateSubmitted> "2018-03-13T20:21:16.799385709+00:00"^^<http://www.w3.org/2001/XMLSchema#dateTime>;
  <http://purl.org/dc/terms/identifier> "https://doi.org/10.21034/wp.354";
  <http://purl.org/dc/terms/isPartOf> <http://researchdatabase.minneapolisfed.org/catalog/admin_set#default>;
  <http://purl.org/dc/terms/isReplacedBy> "19880600fedmwp399",
    "19890500fedmwp414",
    "19931200jet6102",
    "19891100fedmsr125";
  <http://purl.org/dc/terms/license> "https://creativecommons.org/licenses/by-nc/4.0/";
  <http://purl.org/dc/terms/modified> "2020-12-04T22:38:13.177546485+00:00"^^<http://www.w3.org/2001/XMLSchema#dateTime>;
  <http://purl.org/dc/terms/rights> "https://creativecommons.org/licenses/by-nc/4.0/";
  <http://purl.org/dc/terms/type> "Research Paper";
  <http://schema.org/identifier> "393",
    "129";
  <http://schema.org/isPartOf> "Working paper (Federal Reserve Bank of Minneapolis. Research Department)";
  <http://schema.org/issueNumber> "354";
  <http://schema.org/keywords> "Fiscal policy",
    "Economic policy",
    "Debt";
  <http://www.ebu.ch/metadata/ontologies/ebucore/ebucore#hasRelatedImage> <http://researchdatabase.minneapolisfed.org/catalog/tt44pm866>;
  <http://www.ebu.ch/metadata/ontologies/ebucore/ebucore#hasRelatedMediaFragment> <http://researchdatabase.minneapolisfed.org/catalog/tt44pm866>;
  <http://www.iana.org/assignments/relation/first> <http://researchdatabase.minneapolisfed.org/concern/publications/2514nk499/list_source#g71531440>;
  <http://www.iana.org/assignments/relation/last> <http://researchdatabase.minneapolisfed.org/concern/publications/2514nk499/list_source#g71531440>;
  <http://www.loc.gov/mads/rdf/v1#CorporateName> "Federal Reserve Bank of Minneapolis. Research Department";
  <http://www.w3.org/2000/01/rdf-schema#seeAlso> """Published in _Journal of Economic Theory_ (Vol. 61, No. 2, December 1993, pp. 230-261), https://doi.org/10.1006/jeth.1993.1068.

[Working Paper 399](https://doi.org/10.21034/wp.399)

[Staff Report 125](https://doi.org/10.21034/sr.125)"""^^<http://ns.ontowiki.net/SysOnt/Markdown>;
  <http://www.w3.org/ns/auth/acl#accessControl> <http://researchdatabase.minneapolisfed.org/catalog/424dfcf2-de09-4071-b72f-60c9568471c6>;
  <info:fedora/fedora-system:def/model#hasModel> "Publication" .

<http://researchdatabase.minneapolisfed.org/concern/publications/2514nk499/list_source#g71531440> <http://www.openarchives.org/ore/terms/proxyFor> <http://researchdatabase.minneapolisfed.org/catalog/tt44pm866>;
  <http://www.openarchives.org/ore/terms/proxyIn> <http://researchdatabase.minneapolisfed.org/concern/publications/2514nk499> .