- What Is Ricardian Equivalence, And Why It Does Not Hold
- What Does It Mean For A Debt Trajectory To Be Unsustainable?
- Higher Debt-to-GDP Means ... Lower Bond Yields?
- When Should The Budget Be Balanced?
- Why (Central) Government Pensions Are Always Pay-As-You-Go.
- Why interest payments do not pose fiscal risk.
- Demand Creates Its Own Supply: Government Bond Edition
Simulations Using Stock-Flow Consistent ModelsThe articles below use Stock-Flow Consistent Models to generate simulations to illustrate various principles associated with fiscal policy. These models are simplified teaching tools, they are not calibrated to generate forecasts for real-world economies.
- Why A Hard Debt Limit Is A Very Bad Idea - simulation of an economy with a hard debt cap. This tells us what will happen if the automatic stabilisers within a modern welfare state have been shut off. (Spoiler: the economy melts down.)
- Fiscal Policy Trade-offs: Interest Payments.
(c) Brian Romanchuk 2013