Optimal fiscal policy with low interest rates for government debt

DOI10.1016/J.JEDC.2021.104210zbMath1478.91124OpenAlexW3191482994MaRDI QIDQ2054808

Werner Roeger, Philipp Pfeiffer, Lukas Vogel

Publication date: 3 December 2021

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

Full work available at URL: https://doi.org/10.1016/j.jedc.2021.104210

zbMATH Keywords

interest ratedistortionary taxesoptimal fiscal policysecular stagnationgovernment investmentrisky ratesafe rate

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Interest rates, asset pricing, etc. (stochastic models) (91G30)

Cites Work

• Gauging the effects of fiscal stimulus packages in the Euro area
• Optimal Taxation of Capital Income in General Equilibrium with Infinite Lives
• The Rate of Return on Everything, 1870–2015*

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