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What about Japan?
Chien, YiLi; Cole, Harold L.; Lustig, Hanno - 2023
Persistent link: https://www.econbiz.de/10014429308
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Dynamic taxation, private information and money
Waller, Christopher - 2009
Persistent link: https://www.econbiz.de/10003867009
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The Ramsey steady state conundrum in heterogeneous-agent economies
Chien, YiLi; Wen, Yi - 2022
Persistent link: https://www.econbiz.de/10013281216
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Liquidity premiums on government debt and the fiscal theory of the price level
Berentsen, Aleksander; Waller, Christopher - 2017
We construct a dynamic general equilibrium model where agents use nominal government bonds as collateral in secured lending arrangements. If the collateral constraint binds, agents price in a liquidity premium on bonds that lowers the real rate on bonds. In equilibrium, the price level is...
Persistent link: https://www.econbiz.de/10011691217
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Optimal taxes under private information : the role of the inflation tax
Gomis-Porqueras, Pedro; Waller, Christopher - 2017
Persistent link: https://www.econbiz.de/10011691501
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Optimal fiscal policies under market failures
Chien, YiLi; Wen, Yi - 2020
path, we show that public debt and capital taxation play very distinct roles in dealing with the overaccumulation problem …
Persistent link: https://www.econbiz.de/10012216720
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Are government bonds net wealth or a liability? : optimal debt and taxes in an OLG model with uninsurable income risk
Chien, YiLi; Wen, Yi; Yu, HsinJung - 2020
heterogeneous-agents and incomplete markets (HAIM) hypothesis to justify a high debt-to-GDP ratio have been extensively studied. Two … dynamic relationship between optimal debt and optimal taxation remains unclear in HAIM models, especially considering that the …
Persistent link: https://www.econbiz.de/10012216790