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Search: subject:"Markov Perfect Equilibrium"
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labor supply
optimal fiscal policy
Markov perfect equilibrium
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Bayesian learning
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Markov-perfect equilibrium
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heterogeneous agents
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intergenerational transfers
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poisson process
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Angelopoulos, Konstantinos
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Malley, Jim
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Department of Economics, McMaster University
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Time-consistent Fiscal Policy under Heterogeneity: Conflicting or Common Interests?
Angelopoulos, Konstantinos
;
Malley, Jim
; …
-
CESifo
-
2011
This paper studies the aggregate and distributional implications of Markov-perfect tax-spending policy in a neoclassical growth model with capitalists and workers. Focusing on the long run, our main findings are: (i) it is optimal for a benevolent government, which cares equally about its...
Persistent link: https://www.econbiz.de/10009020092
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2
Sustaining Social Security
Gonzalez-Eiras, Martín
;
Niepelt, Dirk
-
CESifo
-
2005
intergenerational transfers naturally arise in a
Markov
perfect
equilibrium
, even in the absence of altruism, commitment, or trigger …
Persistent link: https://www.econbiz.de/10005094483
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