Controlling GDP and Debt with a Post-Keynesian model


Charalampos-Anastasios Domenicos
Stelios Kotsios
Abstract

Our aim in this paper is to design a set of fiscal policy rules using a linear, discrete macroeconomic Post-Keynesian model with delays. We develop algebraic methods with appropriate symbolic algorithms that produce a solution, which allows us to find a path for the desired GDP and debt targets to be met.


 


Keywords: Fiscal policy, Symbolic algorithmic methods, GDP, Debt, Algorithmic control


JEL Classification: E00, E62, E12

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