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fiscal policy rule, steady state indeterminacy may arise as a result of endogenously determined labor income tax rates. This … a combination of capital and labor income taxes. This paper revisits the issue of indeterminacy and aggregate …
Persistent link: https://www.econbiz.de/10005342191
fiscal policy rule, steady state indeterminacy may arise as a result of endogenously determined labor income tax rates. This … a combination of capital and labor income taxes. This paper revisits the issue of indeterminacy and aggregate …
Persistent link: https://www.econbiz.de/10005328994
This paper shows that underground activities and tax evasion may be another possible source of local indeterminacy of … one-sector general equilibrium model allow to reduce aggregate degree of increasing returns required for indeterminacy … indeterminacy, an increase in corporate, labor or income tax rates has a non-Keynesian effect, i.e. the economy enters into an …
Persistent link: https://www.econbiz.de/10014067034
This paper shows under indeterminacy and tax evasion, an increase in corporate, labor or income tax rates pushes the …
Persistent link: https://www.econbiz.de/10012724017
reduce the aggregate degree of increasing returns required for indeterminacy, and for having well behaved input demand …
Persistent link: https://www.econbiz.de/10012724019
This paper considers a matching model in which multiple steady-state unemployment rates exist if government expenditures and unemployment benefits are high enough. The focus on the extensive margin and a possible transition to a steady state with higher unemployment rates imply that the effect...
Persistent link: https://www.econbiz.de/10005069630
This chapter surveys intergenerational altruism in neoclassical growth models. It first examines Barro's approach to intergenerational altruism, whereby successive generations are linked by recursive altruistic preferences. Individuals have an altruistic concern only for their children, who in...
Persistent link: https://www.econbiz.de/10014023663