Narrow search
Showing 1 - 10 of 734,179
Cover Image
Public debt as private liquidity : optimal policy
Angeletos, Marios; Collard, Fabrice; Ntellas, Charēs - In: Journal of political economy 131 (2023) 11, pp. 3233-3264
Persistent link: https://www.econbiz.de/10014467231
Cover Image
Optimal taxation with endogenous default under incomplete markets
Pouzo, Demian; Presno, Ignacio - 2020
Persistent link: https://www.econbiz.de/10012438703
Cover Image
Optimal debt management in a liquidity trap
Bouakez, Hafedh; Oikonomou, R.; Priftis, R. - 2016
Persistent link: https://www.econbiz.de/10011699436
Cover Image
Optimal time-consistent taxation with default
Karantounias, Anastasios G. - 2017
We study optimal time-consistent distortionary taxation when the repayment of government debt is not enforceable. The government taxes labor income or issues noncontingent debt in order to finance an exogenous stream of stochastic government expenditures. The government can repudiate its debt...
Persistent link: https://www.econbiz.de/10011771613
Cover Image
Optimal debt management in a liquidity trap
Bouakez, Hafedh; Oikonomou, Rigas; Priftis, Romanos - In: Journal of economic dynamics & control 93 (2018), pp. 5-21
Persistent link: https://www.econbiz.de/10011974451
Cover Image
Financial crises, debt volatility and optimal taxes
Parra-Polania, Julian A.; Vargas, Carmiña O. - 2014
Persistent link: https://www.econbiz.de/10010390165
Cover Image
Optimal Taxation in the Presence of Bailouts
Panageas, Stavros - 2010
The termination of a representative financial firm due to excessive leverage may lead to substantial bankruptcy costs. A government in the tradition of Ramsey (1927) may be inclined to provide transfers to the firm so as to prevent its liquidation and the associated deadweight costs. It is shown...
Persistent link: https://www.econbiz.de/10013150643
Cover Image
Optimal taxation in the presence of bailouts
Panageas, Stavros - 2009
The termination of a representative financial firm due to excessive leverage may lead to substantial bankruptcy costs. A government in the tradition of Ramsey (1927) may be inclined to provide transfers to the firm so as to prevent its liquidation and the associated deadweight costs. It is shown...
Persistent link: https://www.econbiz.de/10012463244
Cover Image
Comment on : 'Optimal Taxation in the Presence of Bailouts'
Albuquerque, Rui A. - 2015
Panageas' "Optimal taxation in the presence of bailouts" provides a model where labor income taxation is used to finance bailouts and bailouts are always optimal. Labor income taxes are countercyclical: they are lower in economic downturns to alleviate the stress on the financial sector and...
Persistent link: https://www.econbiz.de/10013031228
Cover Image
Renegotiable debt, liquidity injections and financial instability
Doh, Hyun Soo; Feng, Guanhao - In: Journal of derivatives and quantitative studies 32 (2024) 3, pp. 182-199
This paper develops a debt-run model to study the effects of liquidity injections on debt markets in the presence of a … terms of debt. We show that when equityholders have a large bargaining power, liquidity injections into distressed firms can …
Persistent link: https://www.econbiz.de/10015055030