Arbeitspapier
Public debt in an OLG model with imperfect competition
Fiscal policy is needed to avoid dynamic inefficiency and maintain full employment in a modified Diamond OLG model with imperfect competition. A distributionally neutral tax scheme can maintain full employment in the face of variations in household confidence. No variations in taxes will be needed if households correctly anticipate future taxes: the tax policy functions as an insurance scheme.
- Language
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Englisch
- Bibliographic citation
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Series: Working Paper ; No. 2011-25
- Classification
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Wirtschaft
Fiscal Policy
Investment; Capital; Intangible Capital; Capacity
- Subject
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public debt
Keynesian OLG model
dynamic efficiency
confidence
- Event
-
Geistige Schöpfung
- (who)
-
Skott, Peter
Ryoo, Soon
- Event
-
Veröffentlichung
- (who)
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University of Massachusetts, Department of Economics
- (where)
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Amherst, MA
- (when)
-
2011
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Skott, Peter
- Ryoo, Soon
- University of Massachusetts, Department of Economics
Time of origin
- 2011
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