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The macroeconomic effects of fiscal policy in a stochastically growing economy

✍ Scribed by Tamai, Toshiki

Book ID
122385906
Publisher
Elsevier Science
Year
2013
Tongue
English
Weight
843 KB
Volume
35
Category
Article
ISSN
0264-9993

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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