Optimal taxation in an RBC model: A linear-quadratic approach
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Publication:959629
DOI10.1016/j.jedc.2005.08.009zbMath1162.91500OpenAlexW3122101553MaRDI QIDQ959629
Michael Woodford, Pierpaolo Benigno
Publication date: 12 December 2008
Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)
Full work available at URL: http://www.nber.org/papers/w11029.pdf
Macroeconomic theory (monetary models, models of taxation) (91B64) Economic growth models (91B62) Optimal stochastic control (93E20)
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Cites Work
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- Dynamic programming and stochastic control
- Solving dynamic general equilibrium models using a second-order approximation to the policy function
- A local analysis of N-sector capital accumulation under uncertainty
- Optimal fiscal and monetary policy under sticky prices.
- Calculating and using second-order accurate solutions of discrete time dynamic equilibrium models
- Optimal Taxation of Capital Income in General Equilibrium with Infinite Lives
- Recursive Models of Dynamic Linear Economies
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