A portfolio approach to endogenous growth: equilibrium and optimal policy

DOI10.1016/S0165-1889(97)00023-7zbMath0897.90088MaRDI QIDQ1391258

Giancarlo Corsetti

Publication date: 22 July 1998

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

zbMATH Keywords

asset pricingendogenous growthriskoptimal taxation

Mathematics Subject Classification ID

Related Items (15)

LABOR SUPPLY AND GROWTH EFFECTS OF ENVIRONMENTAL POLICY UNDER TECHNOLOGICAL RISK ⋮ Structural estimation of jump-diffusion processes in macroeconomics ⋮ Production technologies in stochastic continuous time models ⋮ Risk premia in general equilibrium ⋮ Productive government expenditure in a stochastically growing open economy ⋮ Welfare effects of controlling labor supply: An application of the stochastic Ramsey model ⋮ WELFARE GAINS FROM STABILIZATION IN A STOCHASTICALLY GROWING ECONOMY WITH IDIOSYNCRATIC SHOCKS AND FLEXIBLE LABOR SUPPLY ⋮ Taxation, risk-taking and growth: a continuous-time stochastic general equilibrium analysis with labor-leisure choice ⋮ Numerical solution of dynamic equilibrium models under Poisson uncertainty ⋮ Equilibrium consumption and precautionary savings in a stochastically growing economy ⋮ Direct preferences for wealth, the risk premium puzzle, growth, and policy effectiveness ⋮ Emission policy in an economic union with Poisson technological change ⋮ Optimal taxation of capital income with imperfectly competitive product markets ⋮ On the role of government in a stochastically growing open economy ⋮ Recursive utility, productive government expenditure and optimal fiscal policy

Cites Work

• Optimal fiscal policy in a stochastic growth model
• Optimal Taxation of Capital Income in General Equilibrium with Infinite Lives
• Macroeconomic Policies, Growth, and Welfare in a Stochastic Economy

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