This paper studies the dynamic properties of a standard one-sector model of endogenous growth with inelastic labor supply, in which capital taxes are used to ΓΏnance public production and consumption services. The government is benevolent and chooses its tax policy by taking into account the decentra
β¦ LIBER β¦
Risk, Optimal Government Finance and Monetary Policies in a Growing Economy
β Scribed by Earl L. Grinols; Stephen J. Turnovsky
- Book ID
- 108559065
- Publisher
- John Wiley and Sons
- Year
- 1998
- Tongue
- English
- Weight
- 236 KB
- Volume
- 65
- Category
- Article
- ISSN
- 0013-0427
No coin nor oath required. For personal study only.
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## Abstract Empirical monetary policy research has increased in the last decade, possibly because deregulation and explicit monetary targets have made monetary policy issues more interesting. In particular, within the inflation targeting framework it has been argued that inflation forecasts can be