Keywords:
Electronic books
Description / Table of Contents:
Intro -- Preface -- Contents -- About the Authors -- Symbols -- List of Figures -- List of Tables -- 1 Introduction: Private Wealth and Public Debt -- 1.1 Overture -- 1.2 The Welfare State and the Concept of Private Wealth -- 1.3 The Ambiguous Image of Public Debt -- 1.4 The Secular Growth of Prosperity -- 1.5 The Limits of Complexity: The Capital Coefficient Has Remained Constant for the Last One Hundred Years -- 1.6 Digitalization -- 1.7 The Consequence: Low Interest Rates, Today and Tomorrow -- 1.8 "Secular Stagnation" -- 1.9 "Dynamic Inefficiency" and the Concern for Future Generations -- 1.10 A Brief Overview of the Following Chapters -- References -- Theory and Empirical Evidence -- 2 The Natural Rate of Interest and the Optimal Rate of Interest in the Steady State -- Abstract -- 2.1 Definition of the Natural Rate of Interest -- 2.2 Profit, Risk, Interest and Overall Economic Returns -- 2.3 Capital-Theoretical Foundations -- 2.4 The Generalized Golden Rule of Accumulation -- 2.5 The Public Debt Ratio and the Period of Production -- 2.6 Private Wealth T + D -- 2.7 The Golden Rule for the Lifetime Utility of the Representative Household -- 2.8 At the Optimum, the Overall Economic Period of Production = The Overall Economic Waiting Period -- 2.9 Deviations from the Steady State: The Interest Rate as Price Signal and the Risk Premium -- 2.10 What if the Interest Rate Represents a Biased Price Signal? -- 2.11 Calibrating Welfare Losses for {{\varvec r}}\ne {{\varvec g}}: An Example -- 2.12 Conclusion -- References -- 3 Wealth and Desired Wealth -- Abstract -- 3.1 The Concept of Desired Wealth -- 3.2 Demographics: The Example of the Savings Triangle -- 3.3 The Savings Triangle Closely Fits the Saving Rate of the Members of the German Social Security System -- 3.4 The Law of Increasing Relative Desired Wealth.
Type of Medium:
Online Resource
Pages:
1 online resource (351 pages)
ISBN:
9783030750312
URL:
https://ebookcentral.proquest.com/lib/kxp/detail.action?docID=6660156
Language:
English
Note:
Description based on publisher supplied metadata and other sources
