Koskela, Erkki (contributor); Puhakka, Mikko (contributor) - 2003 - [Elektronische Ressource]
Abstract
We utilize a simple overlapping generations model with a balanced budget rule to study
the effect of distortionary ….
Keywords : overlapping generations, cycles, stabilizing taxation.
JEL classification: D 91, E 32, H 30
1
1 … possibility of cycles in simple overlapping generations models was observed
by Gale (1973) and Cass, Okuno and Zilcha (1979 …