Optimal timing for governmental control of the debt-to-GDP ratio


We study the problem of a government wishing to control the country's debt-to-GDP ratio. The debt-to-GDP ratio evolves stochastically and the interest on debt is affected by an N-state continuous-time Markov chain,... [ view full abstract ]


  1. Neofytos Rodosthenous (Queen Mary University of London)
  2. Giorgio Ferrari (Bielefeld University)

Topic Areas

Macroeconomics , Optimal Control , Optimal Stopping


WE-P-SY » Macro Models (14:30 - Wednesday, 18th July, Synge)

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