We study optimal government spending in a business cycle model with frictional unemployment. The Ramsey optimal policy …

We investigate experimentally the economic effects of wage taxation to finance unemployment benefits for a closed … the dynamic interaction between the wage tax and unemployment. (ii) Employment is boosted by budget deficits but …. (iii) A sales risk for producers due to price uncertainty on output markets appears to cause a downward pressure on factor …

minimum-wage increase raises involuntary unemployment, but also raises skill formation as some individuals avoid unemployment … skill formation outweigh both the public revenue losses from additional unemployment and the utility losses of inefficient … the revenue losses from higher unemployment. We write this condition in terms of measurable sufficient statistics. Our …

productivity in the long run, but the economy suffers persistent unemployment in the near term. However, a pro …

Statistics Netherlands uses a state space model to estimate the Dutch unemployment by using monthly series about the … more realistic real-time unemployment estimates. …

We study the optimal taxation of risk-free and excess capital income with heterogeneous rates of return, alongside an … optimal nonlinear earnings tax. Households can hold three assets: one risk-free, one risky but diversifiable, and one a … private investment with idiosyncratic risk whose expected return differs among households. Contrary to expectations, the …