On November 2, 2004, Maine residents will vote on whether to “limit property taxes to 1% of the assessed value of the property.” This report looks at the effects of the property tax cap if it had existed in 2003. Impacts shown in the report are based on the tax cap plan as written, which...

This thesis deals with macroeconomic dynamics. In chapter 1, I study a one-sector growth model withendogenous discount rate of the sort proposed by citet{1}. I extendthe model into a heterogeneous agents model with respect to initialwealth, and investigate whether the wealthdistribution may...