Indeterminacy and fiscal policies in a g
β
Hyun Park; Apostolis Philippopoulos
π
Article
π
2004
π
Elsevier Science
π
English
β 290 KB
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