The Ramsey steady-state conundrum in heterogeneous-agent economies

DOI10.1016/j.jet.2024.105873zbMath1544.91229MaRDI QIDQ6604761

YiLi Chien, Yi Wen

Publication date: 13 September 2024

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

zbMATH Keywords

heterogeneous agentsintertemporal distortionsconsumption front-loadingoptimal capital taxoptimal government debtRamsey steady state

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Heterogeneous agent models (91B69)

Cites Work

• Liquidity and interest rates
• Reducing government debt in the presence of inequality
• Fiscal Policy with Heterogeneous Agents and Incomplete Markets
• Inequality, Business Cycles, and Monetary‐Fiscal Policy
• Optimal fiscal policy with heterogeneous agents
• Wealth and Volatility
• Intertemporal Distortions in the Second Best
• MANAGING INEQUALITY OVER BUSINESS CYCLES: OPTIMAL POLICIES WITH HETEROGENEOUS AGENTS AND AGGREGATE SHOCKS
• Optimal Fiscal Policy in a Model with Uninsurable Idiosyncratic Income Risk

This page was built for publication: The Ramsey steady-state conundrum in heterogeneous-agent economies