Public debt/Addendum: Difference between revisions
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imported>Nick Gardner (New page: {{subpages}} :::ΔD = (D + F + Dr)/{Y(1 + r)} - D/Y let 1/{Y(1 + g)} = A then: :::= A(D + F ...) |
imported>Nick Gardner No edit summary |
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:::= {F + D(r - g)}/{Y(1 + g)} | :::= {F + D(r - g)}/{Y(1 + g)} | ||
or, approximately | or, approximately | ||
:::= {F + D(r - g) | :::= {F + D(r - g) | ||
:::= F/Y +(r - g)D/Y | |||
putting F/Y = f andD/Y = d: | |||
:::= f + d(r - g) | |||
Revision as of 17:49, 20 March 2009
- ΔD = (D + F + Dr)/{Y(1 + r)} - D/Y
let 1/{Y(1 + g)} = A then:
- = A(D + F + Dr) - D/Y
- = A( D + F + Dr - D/AY)
- = A( D + F + Dr - D - Dg)
substituting for A:
- = {F + D(r - g)}/{Y(1 + g)}
or, approximately
- = {F + D(r - g)
- = F/Y +(r - g)D/Y
putting F/Y = f andD/Y = d:
- = f + d(r - g)