Aggregate instability under balanced-budget consumption taxes: a re-examination

DOI10.1016/J.JET.2013.07.010zbMath1296.91205OpenAlexW2083274618MaRDI QIDQ405538

Thomas Seegmuller, Carine Nourry, Alain Venditti

Publication date: 5 September 2014

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

Full work available at URL: https://halshs.archives-ouvertes.fr/halshs-00633609/file/DTGREQAM2011_44.pdf

zbMATH Keywords

indeterminacyincome effectbalanced-budget ruleconsumption taxesendogenous business cyclesinfinite-horizon model

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Consumer behavior, demand theory (91B42)

Related Items (8)

Balanced-budget consumption taxes and aggregate stability in a small open economy ⋮ Non‐separable utilities and aggregate instability ⋮ Time‐varying consumption tax, productive government spending, and aggregate instability ⋮ Introduction to financial frictions and debt constraints ⋮ Fiscal policy, debt constraint and expectations-driven volatility ⋮ Progressive consumption tax and monetary policy in an endogenous growth model ⋮ Sectoral composition of government spending, distortionary income taxation, and macroeconomic (in)stability ⋮ Comparing recursive equilibrium in economies with dynamic complementarities and indeterminacy

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• INDETERMINACY AND PERIOD LENGTH UNDER BALANCED BUDGET RULES

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