Posch, Olaf (contributor); Wälde, Klaus (contributor) - 2007
Natural volatility, welfare and taxation
Olaf Posch
(a)
and Klaus Wälde
(b), 1
(a)
University of Hamburg and
(b … and welfare.
Keywords: Endogenous fluctuations and growth, welfare analysis, taxation, sto-
chastic continuous time model … Lloyd-Ellis (2003).
We relate our analysis of natural volatility to taxation as there is a considerable hetero-
geneity in …