We investigate the design of incentives for public good quality provision in a dynamic regulation setting in which maintenance efforts and quality shocks have durable effects. When the regulator contracts with a sequence of agents, asymmetries of information can lead to over-provision of...

This paper examines quantitative issues related to the Laffer curve in a neoclassical growth model with endogenous labor supply and complete or incomplete financial markets where distortionary taxes on labor, capital and consumption are used to finance government consumption, lump-sum transfers...

In this paper, we study issues related to the estimation of long–run government spending multiplier (GSM) in a Dynamic Stochastic General Equilibrium (DSGE) context. We stress a potential source of bias in the GSM arising from the combination of (i) Edgeworth complementarity between private...