Money taxes and efficiency when sunspots matter

DOI10.1006/jeth.1998.2455zbMath0913.90088OpenAlexW2045224585MaRDI QIDQ1272652

Todd Keister

Publication date: 3 January 1999

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1006/jeth.1998.2455

zbMATH Keywords

efficiency cost of taxationmonetary redistributionsunspot-induced volatility

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64)

Related Items (1)

The economic effects of restrictions on government budget deficits

Cites Work

• Unnamed Item
• Unnamed Item
• Self-fulfilling prophecies
• Stationary sunspot equilibria in a finance constrained economy
• Stabilizing competitive business cycles
• The overlapping-generations model. II. The case of pure exchange with money
• Price level volatility: A simple model of money taxes and sunspots
• Sunspots and incomplete financial markets: The general case
• Efficiency and determinacy of equilibrium under inflation targeting
• Fiscal rules and extrinsic uncertainty
• Rationing and sunspot equilibria
• An exact discount factor restriction for period-three cycles in dynamic optimization models
• On the least upper bound of discount factors that are compatible with optimal period-three cycles
• Infinite Horizon Incomplete Markets
• An Exploration in the Theory of Optimum Income Taxation

This page was built for publication: Money taxes and efficiency when sunspots matter