On the long-term trends of public debt. Implications of the government’s Ponzi game and ageing

Article OPEN
Zsuzsa Mosolygó;
(2011)
  • Journal: Public Finance Quarterly, volume 56, issue 4, pages 446-473
  • Subject: ageing, public debt, sustainability, Ponzi game
    • jel: jel:J11 | jel:J14 | jel:H63 | jel:H68

This paper sets out to analyse the impact of global ageing on the financeability of states. It covers issues regarding the sustainability of public debt and theories addressing the repayability of debt. It presents the possibilities of a fiscal Ponzi game, which would a... View more
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