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Environment in an Overlapping Generations Economy with Endogenous Labor Supply : a Dynamic Analysis.

SEEGMULLER, Thomas; VERCHÈRE, Alban - Bureau d'Économie Théorique et Appliquée (BETA), … - 2005

indeterminacy. …

Persistent link: https://www.econbiz.de/10005422853

On taxation in a two-sector endogenous growth model with endogenous labor supply

Hek, Paul A. de - 2003

This paper examines the effects of taxation on long-run growthin a two-sector endogenous growth model with (i) physical capitalas an input in the education sector and (ii) leisure as anadditional argument in the utility function. The analysis of theeffects of taxation - including income...

Persistent link: https://www.econbiz.de/10011333258

On Taxation in a Two-Sector Endogenous Growth Model with Endogenous Labor Supply

Hek, Paul A. de - Tinbergen Institute - 2003

This paper examines the effects of taxation on long-run growth in a two-sector endogenous growth model with (i) physical capital as an input in the education sector and (ii) leisure as an additional argument in the utility function. The analysis of the effects of taxation - including income...

Persistent link: https://www.econbiz.de/10005144575

On Taxation in a Two-Sector Endogenous Growth Model with Endogenous Labor Supply

Hek, Paul A. de - Tinbergen Instituut - 2003

Persistent link: https://www.econbiz.de/10011256980

Fiscal Policy, Maintenance Allowances and Expectation-Driven Business Cycles.

Dromel, Nicolas L. - Centre d'Économie de la Sorbonne, Université Paris 1 … - 2009

Firms devote significant resources to maintain and repair thei existing capital. Within a real business cycle model featuring arguably small aggregate increasing returns, this paper assesses the stabilizing effects of fiscal policies with a maintenance expenditure allowance. In this setup, firms...

Persistent link: https://www.econbiz.de/10004991600

On the Ramsey equilibrium with heterogeneous consumers and endogenous labor supply.

Bosi, Stefano; Seegmuller, Thomas - Centre d'Économie de la Sorbonne, Université Paris 1 … - 2007

In this paper, we address the question of deterministic cycles in a Ramsey model with heterogeneous infinite-lived agents and borrowing constraints, augmented to take into account the case of elastic labor supply. Under usual restrictions, not only we show that the steady state is unique, but...

Persistent link: https://www.econbiz.de/10005670901

On rational exuberance.

Bosi, Stefano; Seegmuller, Thomas - Centre d'Économie de la Sorbonne, Université Paris 1 … - 2009

In his seminal contribution, Tirole (1985) shows that an overlapping generations economy may monotonically converges to a steady state with a positive rational bubble, characterized by the dynamically efficient golden rule. The issue we address is whether this monotonic convergence to an...

Persistent link: https://www.econbiz.de/10005012503

Indeterminacy and Stabilization of Endogenous Cycles with Balanced-Budget Distortionary Taxation

Koskela, Erkki; Puhakka, Mikko - In: FinanzArchiv: Public Finance Analysis 62 (2006) 2, pp. 149-167

We study the effects of distortionary labor taxation on endogenous cycles and the indeterminacy of equilibria in an …

Persistent link: https://www.econbiz.de/10005582175

Optimal Level of Government Debt : Matching Wealth Inequality and the Fiscal Sector

Vogel, Edgar - 2014

We calibrate an incomplete markets large scale OLG model to the US income and wealth distribution and examine the effects of alternative government debt levels and adjustment policies on macroeconomic aggregates and welfare. We find that the government should hold negative debt. Due to the high...

Persistent link: https://www.econbiz.de/10013047686

Market distortions and local indeterminacy: A general approach

Lloyd-Braga, Teresa; Modesto, Leonor; Seegmuller, Thomas - 2011

We provide a methodology to study the role of market distortions on the emergence of indeterminacy and bifurcations … classes of distortions responsible for indeterminacy. Our methodology consists in introducing general specifications for the … distortions influence the range of values for the elasticity of inputs substitution under which local indeterminacy and …

Persistent link: https://www.econbiz.de/10010278392