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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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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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Optimal fiscal policies under market failures
Chien, YiLi; Wen, Yi - 2020
The aggregate capital stock in a nation can be overaccumulated for many different reasons. This paper studies which policy or policy mix is more effective in achieving the socially optimal (golden rule) level of aggregate capital stock in an infinite-horizon heterogeneous-agents...
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
liquidity to support private saving and investment (see, e.g., Barro (1974), Woodford (1990), and Aiyagari and McGrattan (1998 …
Persistent link: https://www.econbiz.de/10012216790
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Time-inconsistent optimal quantity of debt
Chien, YiLi; Wen, Yi - 2020
Persistent link: https://www.econbiz.de/10012308243