Règles budgétaires strictes et stabilité macroéconomique. Le cas de la <span style='font-variant: small-caps;'>tva</span> sociale

This paper studies the local dynamic properties of a simple general equilibrium model with Social vat. Strict balanced budget rules often lead to real indeterminacy of aggregate equilibrium, leaving room for « sunspots » fluctuations. In a closed-economy setup, social vat escapes this property and only reduces the aggregate labor supply elasticity. However, the quantitative effects are weak. Classification JEL : E32, E62

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Year of publication:	2014
Authors:	Fève, Patrick ; Matheron, Julien ; Sahuc, Jean-Guillaume
Published in:	Revue économique. - Presses de Sciences-Po. - Vol. 65.2014, 3, p. 543-556
Publisher:	Presses de Sciences-Po

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Extent:	application/pdf text/html
Type of publication:	Article
Classification:	E32 - Business Fluctuations; Cycles ; E62 - Fiscal Policy; Public Expenditures, Investment, and Finance; Taxation
Source:	RePEc - Research Papers in Economics

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