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Welfare Effects of Controlling Labor Supply? An Application of the Stochastic Ramsey Model
Amilon, Henrik; Bermin, Hans-Peter - Nationalekonomiska Institutionen, Ekonomihögskolan - 2001
In this paper we extend Merton's (1975) classic stochastic version of the Ramsey model by allowing the government to control the expected growth rate of the labor supply. We characterize the solution to this control problem for general time-separable preferences, and derive an analytical...
Persistent link: https://www.econbiz.de/10005645127
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Do tax cuts increase consumption? An experimental test of Ricardian Equivalence
Meissner, Thomas; Rostam-Afschar, Davud - 2014
not hold in general. Our results suggest that taxation has a significant and strong impact on consumption choice. Over the … Ricardian proposition. Our results show dynamic effects; taxation inuences consumption beyond the current period. …
Persistent link: https://www.econbiz.de/10010392293
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Do tax cuts increase consumption? An experimental test of Ricardian Equivalence
Rostam-Afschar, Davud; Meissner, Thomas - 2014
not hold in general. Our results suggest that taxation has a significant and strong impact on consumption choice. Over the … Ricardian proposition. Our results show dynamic effects; taxation inuences consumption beyond the current period. …
Persistent link: https://www.econbiz.de/10010397052
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Do tax cuts Increase consumption? An experimental test of Ricardian Equivalence
Meissner, Thomas; Rostam-Afschar, Davud - 2014
not hold in general. Our results suggest that taxation has a significant and strong impact on consumption choice. Over the … Ricardian proposition. Our results show dynamic effects; taxation influences consumption beyond the current period. …
Persistent link: https://www.econbiz.de/10010491444
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Do tax cuts increase consumption? An experimental test of Ricardian Equivalence
Meissner, Thomas; Rostam-Afschar, Davud - Fachbereich Wirtschaftswissenschaft, Freie Universität … - 2014
not hold in general. Our results suggest that taxation has a significant and strong impact on consumption choice. Over the … Ricardian proposition. Our results show dynamic effects; taxation inuences consumption beyond the current period. …
Persistent link: https://www.econbiz.de/10010956170
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Do Tax Cuts Increase Consumption? An Experimental Test of Ricardian Equivalence
Meissner, Thomas; Rostam-Afschar, Davud - Berlin Doctoral Program in Economics and Management Science
not hold in general. Our results suggest that taxation has a significant and strong impact on consumption choice. Over the … Ricardian proposition. Our results show dynamic effects; taxation influences consumption beyond the current period. Creation …
Persistent link: https://www.econbiz.de/10011268454
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Do tax cuts increase consumption? An experimental test of Ricardian Equivalence
Rostam-Afschar, Davud; Meissner, Thomas - Verein für Socialpolitik - VfS - 2014
not hold in general. Our results suggest that taxation has a significant and strong impact on consumption choice. Over the … Ricardian proposition. Our results show dynamic effects; taxation inuences consumption beyond the current period. …
Persistent link: https://www.econbiz.de/10011164042
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How to Finance Climate Change Policies? Evidence from Consumers' Beliefs
D'Acunto, Francesco; Möhrle, Sascha; Neumeier, Florian; … - 2022
Climate change policies have been rising to the top of the global political agenda, but how should governments finance them? Public economists propose solutions based on economic theory, but their political feasibility depends on voters’ support, and ordinary households often neglect economic...
Persistent link: https://www.econbiz.de/10013266692
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How to finance climate change policies? : evidence from consumers' beliefs
D'Acunto, Francesco; Möhrle, Sascha; Neumeier, Florian; … - 2022
Climate change policies have been rising to the top of the global political agenda, but how should governments finance them? Public economists propose solutions based on economic theory, but their political feasibility depends on voters' support, and ordinary households often neglect economic...
Persistent link: https://www.econbiz.de/10013186775
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Threat of a Capital Levy, Expected Devaluation and Interest Rates in Inter-War France
Sicsic, Pierre - C.E.P.R. Discussion Papers - 1998
gold standard during the 1930s. We do this by separating expectations of taxation and of devaluation that are implicitly … expectations of a capital levy or other taxation devices; third that hyperinflation was not expected, even at the moment of maximum … low as the spot value. For the 1930s, we show that expectations of a depreciation of the franc explain the rise in …
Persistent link: https://www.econbiz.de/10005662302