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Choosing the European fiscal rule
Buss, Ginters; Grüning, Patrick; Tkačevs, Olȩgs - 2021
Persistent link: https://www.econbiz.de/10012792380
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Fiscal DSGE model for Latvia
Buss, Ginters; Grüning, Patrick - 2020
Persistent link: https://www.econbiz.de/10012493330
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Optimal fiscal policies under market failures
Chien, YiLi; Wen, Yi - 2020
path, we show that public debt and capital taxation play very distinct roles in dealing with the overaccumulation problem …
Persistent link: https://www.econbiz.de/10012216720
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Are government bonds net wealth or a liability? : optimal debt and taxes in an OLG model with uninsurable income risk
Chien, YiLi; Wen, Yi; Yu, HsinJung - 2020
heterogeneous-agents and incomplete markets (HAIM) hypothesis to justify a high debt-to-GDP ratio have been extensively studied. Two … dynamic relationship between optimal debt and optimal taxation remains unclear in HAIM models, especially considering that the …
Persistent link: https://www.econbiz.de/10012216790
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Flight to what? : dissecting liquidity shortages in the financial crisis
Dong, Feng; Wen, Yi - 2017 - This version: August, 2017
We endogenize the liquidity and the quality of private assets in a tractable incomplete-market model with heterogeneous agents. The model decomposes the convenience yield of government bond into a "liquidity premium" (flight to liquidity) and a "safety premium" (flight to quality) over the...
Persistent link: https://www.econbiz.de/10011780935
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The Ramsey steady state conundrum in heterogeneous-agent economies
Chien, YiLi; Wen, Yi - 2022
Persistent link: https://www.econbiz.de/10013281216