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The Dynamics of Inequality and Social Security in General Equilibrium

Song, Zheng - Volkswirtschaftliche Fakultät, … - 2008

This paper analyzes the dynamic politico-economic equilibrium of a model where repeated voting on social security and the evolution of household characteristics in general equilibrium are mutually affected over time. In particular, we incorporate within-cohort heterogeneity in a two-period...

Persistent link: https://www.econbiz.de/10005786932

The Optimum Quantity of Money Revisited: Distortionary Taxation in a Search Model of Money

Ritter, Moritz - Volkswirtschaftliche Fakultät, … - 2007

This paper incorporates a distortionary tax into the microfoundations of money framework and revisits the optimum quantity of money. An optimal policy may consist of both a positive tax rate and a positive nominal interest rate: if the buyer’s surplus share is inefficiently small, the...

Persistent link: https://www.econbiz.de/10005789964

THE CORRELATION BETWEEN FISCALITY RATE, GDP AND TAX INCOMES. CASE STUDY ROMANIA AND TURKEY

Dracea, Raluca; Cristea, Mirela; Ionascu, Costel; … - Volkswirtschaftliche Fakultät, … - 2008

The academic literature analyzes the fiscality concern from all points of view, and the question which pressed upon the theoreticians and also the practitioners of the last decades remains: which is the adequate level of the fiscality? The difficulty in answering the question consists in...

Persistent link: https://www.econbiz.de/10005835912

The Inconsistency Puzzle Resolved: an Omitted Variable

Arefiev, Nikolay - Volkswirtschaftliche Fakultät, … - 2008

We find that the contemporary version of the dynamic Ramsey problem omits one important variable that we take into consideration in this paper. The effect of introducing of this variable into the analysis of dynamic inconsistency is similar to that of introducing expected inflation into the...

Persistent link: https://www.econbiz.de/10005836298

The flat tax in Romania. A good economic strategy?

Socol, Cristian; Marinas, Marius; Socol, Aura Gabriela - Volkswirtschaftliche Fakultät, … - 2007

This paper evaluates the main effects of the implementation of tax flat system in Romanian economy. If accompanying measures are not going to be enforced, the introduction of the flat rate of 16% in Romania will lead to unsustainable budgetary deficits and inflationist pressures. The flat tax...

Persistent link: https://www.econbiz.de/10005837098

Monetary and fiscal policy interactions with central bank transparency and public investment

Dai, Meixing; Sidiropoulos, Moïse - Volkswirtschaftliche Fakultät, … - 2010

performance and volatility, in a framework where productivity-enhancing public investment could improve future growth potential … investment by considering the Stackelberg equilibrium where the government is the first mover and the central bank the follower …. We show that the optimal choice of tax rate and public investment, when the public investment is highly productivity …

Persistent link: https://www.econbiz.de/10008534289

Barriers to investment in polarized societies

marina, azzimonti - Volkswirtschaftliche Fakultät, … - 2009

result in implementation of short-sighted policies. The relative price of investment to consumption is excessively large in … equilibrium due to over-taxation. Investment rates are too low which slows down growth along the transition. In the long run, this …

Persistent link: https://www.econbiz.de/10008680294

Political ideology as a source of business cycles

marina, azzimonti - Volkswirtschaftliche Fakultät, … - 2010

of expenditures and compete for office–results in governments being endogenously short-sighted: systematic under-investment …

Persistent link: https://www.econbiz.de/10008680308

Endogenous growth in a model with heterogeneous agents and voting on public goods

Borissov, Kirill; Surkov, Alexander - Volkswirtschaftliche Fakultät, … - 2010

We consider a Barro-type endogenous growth model in which the government’s purchases of goods and services enter into the production function. The provision of government services is financed by flat-rate (linear) income or lump-sum taxes. It is assumed that individuals differing in their...

Persistent link: https://www.econbiz.de/10008764721

Optimal Taxation over the Life Cycle

Gorry, Aspen; Oberfield, Ezra - Volkswirtschaftliche Fakultät, … - 2010

We derive the optimal labor income tax schedule for a life cycle model with deterministic productivity variation and complete asset markets. An individual chooses whether and how much to work at each date. The government must finance a given expenditure and does not have access to lump sum...

Persistent link: https://www.econbiz.de/10008646766