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~isPartOf:"CESifo Working Paper"
~isPartOf:"Theoretical Economics"
~subject:"Optimale Besteuerung"
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Optimale Besteuerung
Markov perfect equilibrium
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Angelopoulos, Konstantinos
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Time-consistent fiscal policy under heterogeneity: Conflicting or common interests?
Angelopoulos, Konstantinos
;
Malley, James R.
; …
-
2011
This paper studies the aggregate and distributional implications of Markov-perfect taxspending 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/10010275851
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2
Sustaining social security
Gonzalez-Eiras, Martin
;
Niepelt, Dirk
-
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/10010261297
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