Nourry, Carine; Seegmuller, Thomas; Venditti, Alain - In: Journal of Economic Theory 148 (2013) 5, pp. 1977-2006
We re-examine the destabilizing role of balanced-budget fiscal policy rules based on consumption taxation. Using a one-sector model with infinitely-lived households, we consider a specification of preferences derived from Jaimovich (2008) [14] and Jaimovich and Rebelo (2009) [15] which is...
