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Jang-Ting Guo

Citations

Many of the citations below have been collected in an experimental project, CitEc, where a more detailed citation analysis can be found. These are citations from works listed in RePEc that could be analyzed mechanically. So far, only a minority of all works could be analyzed. See under "Corrections" how you can help improve the citation analysis.

Working papers

  1. Juin-Jen Chang & Jang-Ting Guo & Wei-Neng Wang, 2021. "On Government Spending and Income Inequality under Monopolistic Competition," Working Papers 202103, University of California at Riverside, Department of Economics.

    Cited by:

    1. Mursit Recepoglu, 2022. "Public Expenditures, Economic Growth and Income Inequality: Empirical Evidence from the Commonwealth of Independent States," Journal of Economic Policy Researches, Istanbul University, Faculty of Economics, vol. 9(2), pages 293-314, July.

  2. Jang-Ting Guo & Miroslav Gabrovski, 2019. "Progressive Taxation, Nominal Wage Rigidity, and Business Cycle Destabilization," Working Papers 201913, University of California at Riverside, Department of Economics.

    Cited by:

    1. Miroslav Gabrovski & Jang-Ting Guo, 2020. "Progressive Taxation as an Automatic Stabilizer under Nominal Wage Rigidity and Preference Shocks," Working Papers 202004, University of California at Riverside, Department of Economics.

  3. Jang-Ting Guo & Fu-Sheng Hung, 2018. "Tax Evasion and Financial Development under Asymmetric Information in Credit Markets," Working Papers 201810, University of California at Riverside, Department of Economics.

    Cited by:

    1. Aguima Aime Bernard Lompo, 2021. "How Financial Sector Development Improve Tax Revenue Mobilization for Developing Countries?," Working Papers hal-03328502, HAL.
    2. Ohnsorge, Franziska & Capasso, Salvatore & Yu, Shu, 2021. "Informality and Financial Development: A Literature Reviews," CEPR Discussion Papers 16711, C.E.P.R. Discussion Papers.
    3. Aguima Aime Bernard Lompo, 2024. "How Does Financial Sector Development Improve Tax Revenue Mobilization for Developing Countries?," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 66(1), pages 91-125, March.
    4. Sieni Toussaint. OULAI, 2022. "Heterogeneous Effects of Financial Development on Tax Revenues: Accounting for Institutional Quality in Sub-Saharan Africa," Applied Economics and Finance, Redfame publishing, vol. 9(1), pages 54-67, December.
    5. Marcelo Arbex & Marcio V. Correa & Marcos R. V. Magalhaes, 2020. "Tolerance of Informality and Occupational Choices in a Large Informal Sector Economy," Working Papers 2004, University of Windsor, Department of Economics.
    6. Huang, Sainan & Hueng, C. James & Zeng, Songlin, 2024. "Puzzling retrenchment of banking outflows: The role of information asymmetry," Research in International Business and Finance, Elsevier, vol. 68(C).

  4. Jang-Ting Guo & Juin-Jen Chang & Jhy-Yuan Shieh & Wei-Neng Wang, 2017. "Sectoral Composition of Government Spending, Distortionary Income Taxation, and Macroeconomic (In)stabilit," Working Papers 201702, University of California at Riverside, Department of Economics.

    Cited by:

    1. Juin‐Jen Chang & Jang‐Ting Guo & Wei‐Neng Wang, 2021. "On Endogenous Business Cycles Under Increasing Returns To Variety And Sector‐Specific Externality," Economic Inquiry, Western Economic Association International, vol. 59(1), pages 532-548, January.

  5. Jang-Ting Guo & Shu-Hua Chen, 2016. "On Indeterminacy and Growth under Progressive Taxation and Utility-Generating Government Spending," Working Papers 201604, University of California at Riverside, Department of Economics.

    Cited by:

    1. Fujisaki, Seiya, 2017. "Equilibrium Determinacy in a Two-Tax System with Utility from Government Expenditure," MPRA Paper 81214, University Library of Munich, Germany.
    2. Been-Lon Chen & Mei Hsu & Yu-Shan Hsu, 2018. "Progressive taxation and macroeconomic stability in two-sector models with social constant returns," Journal of Economics, Springer, vol. 125(1), pages 51-68, September.
    3. Chen, Shu-Hua, 2019. "On economic growth and automatic stabilizers under linearly progressive income taxation," Journal of Macroeconomics, Elsevier, vol. 60(C), pages 378-395.
    4. Juin‐Jen Chang & Jang‐Ting Guo & Jhy‐Yuan Shieh & Wei‐Neng Wang, 2019. "Sectoral composition of government spending, distortionary income taxation, and macroeconomic (in)stability," International Journal of Economic Theory, The International Society for Economic Theory, vol. 15(1), pages 95-107, March.
    5. Guizhou Wang & Kjell Hausken, 2021. "Governmental Taxation of Households Choosing between a National Currency and a Cryptocurrency," Games, MDPI, vol. 12(2), pages 1-24, April.
    6. Jang-Ting Guo & Shu-Hua Chen, 2015. "Progressive Taxation as an Automatic Destabilizer under Endogenous Growth," Working Papers 201510, University of California at Riverside, Department of Economics.

  6. Jang-Ting Guo & Yutaro Izumi & Yi-Chan Tsai, 2015. "Resource Misallocation and Aggregate Productivity under Progressive Taxation," Working Papers 201502, University of California at Riverside, Department of Economics.

    Cited by:

    1. Shuangjie Li & Huifang E & Liming Wang & Huidan Xue, 2023. "Factor Misallocation and Optimization in China’s Manufacturing Industry," Sustainability, MDPI, vol. 15(5), pages 1-21, February.
    2. Baoqing Tang & Bo Gao & Jing Ma, 2021. "The impact of export VAT rebates on firm productivity: Evidence from China," The World Economy, Wiley Blackwell, vol. 44(10), pages 2798-2820, October.
    3. Agus Salim & Jun Wen & Anas Usman Bello & Firsty Ramadhona Amalia Lubis & Rifki Khoirudin & Uswatun Khasanah & Lestari Sukarniati & Muhammad Safar Nasir, 2024. "Does information and communication technology improve labor productivity? Recent evidence from the Southeast Asian emerging economies," Growth and Change, Wiley Blackwell, vol. 55(1), March.

  7. Jang-Ting Guo & Alan Krause, 2015. "Changing Social Preferences and Optimal Redistributive Taxation," Discussion Papers 15/26, Department of Economics, University of York.

    Cited by:

    1. Sala, Hector, 2018. "A Fresh Look at Fiscal Redistribution and Inequality in the US across Electoral Cycles," IZA Discussion Papers 11839, Institute of Labor Economics (IZA).

  8. Jang-Ting Guo & Shu-Hua Chen, 2015. "Progressive Taxation as an Automatic Destabilizer under Endogenous Growth," Working Papers 201510, University of California at Riverside, Department of Economics.

    Cited by:

    1. Been-Lon Chen & Yunfang Hu & Kazuo Mino, 2018. "Does Nonlinear Taxation Stabilize Small Open Economies?," KIER Working Papers 997, Kyoto University, Institute of Economic Research.
    2. Zhiming Fu & Antoine Le Riche, 2021. "Progressive consumption tax and monetary policy in an endogenous growth model," Journal of Economics, Springer, vol. 133(3), pages 271-293, August.
    3. Chen, Shu-Hua, 2019. "On economic growth and automatic stabilizers under linearly progressive income taxation," Journal of Macroeconomics, Elsevier, vol. 60(C), pages 378-395.
    4. Been-Lon Chen & Yunfang Hu & Kazuo Mino, 2016. "Stabilization Effects of Taxation Rules in Small-Open Economies with Endogenous Growth," KIER Working Papers 946, Kyoto University, Institute of Economic Research.
    5. Shu-Hua Chen & Jang-Ting Guo, 2016. "Progressive Taxation, Endogenous Growth, And Macroeconomic (In)Stability," Bulletin of Economic Research, Wiley Blackwell, vol. 68(S1), pages 20-27, December.
    6. Krajňák Michal, 2023. "Does the Type of Nominal Personal Income Tax Rate Affect Its Progressivity? A Case Study from the Czech Republic," Business Systems Research, Sciendo, vol. 14(1), pages 93-111, September.
    7. Aleksandar Vasilev, 2016. "Progressive taxation and (in)stability in an endogenous growth model with human capital accumulation," Journal of Economics and Econometrics, Economics and Econometrics Society, vol. 59(2), pages 1-15.
    8. Vasilev, Aleksandar, 2016. "Progressive taxation and (in)stability in an endogenous growth model with human capital accumulation: the case of Bulgaria," EconStor Preprints 144212, ZBW - Leibniz Information Centre for Economics.

  9. Jang-Ting Guo & Shu-Hua Chen, 2014. "Progressive Taxation, Endogenous Growth, and Macroeconomic (In)stability," Working Papers 201424, University of California at Riverside, Department of Economics.

    Cited by:

    1. Been-Lon Chen & Yunfang Hu & Kazuo Mino, 2018. "Does Nonlinear Taxation Stabilize Small Open Economies?," KIER Working Papers 997, Kyoto University, Institute of Economic Research.
    2. Fujisaki, Seiya, 2017. "Equilibrium Determinacy in a Two-Tax System with Utility from Government Expenditure," MPRA Paper 81214, University Library of Munich, Germany.
    3. Been-Lon Chen & Mei Hsu & Yu-Shan Hsu, 2018. "Progressive taxation and macroeconomic stability in two-sector models with social constant returns," Journal of Economics, Springer, vol. 125(1), pages 51-68, September.
    4. Chen, Been-Lon & Hu, Yunfang & Mino, Kazuo, 2019. "Income Taxation Rules and Stability of a Small Open Economy," MPRA Paper 98098, University Library of Munich, Germany.
    5. Chen, Shu-Hua, 2019. "On economic growth and automatic stabilizers under linearly progressive income taxation," Journal of Macroeconomics, Elsevier, vol. 60(C), pages 378-395.
    6. Been-Lon Chen & Yunfang Hu & Kazuo Mino, 2016. "Stabilization Effects of Taxation Rules in Small-Open Economies with Endogenous Growth," KIER Working Papers 946, Kyoto University, Institute of Economic Research.
    7. Shu‐Hua Chen & Jang‐Ting Guo, 2018. "On Indeterminacy and Growth under Progressive Taxation and Utility‐Generating Government Spending," Pacific Economic Review, Wiley Blackwell, vol. 23(3), pages 533-543, August.
    8. Aman A. Bara and Bidisha Chakraborty, 2019. "Is Public-private Partnership an Optimal Mode of Provision of Infrastructure?," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 44(1), pages 97-123, March.
    9. Juin‐Jen Chang & Jang‐Ting Guo & Jhy‐Yuan Shieh & Wei‐Neng Wang, 2019. "Sectoral composition of government spending, distortionary income taxation, and macroeconomic (in)stability," International Journal of Economic Theory, The International Society for Economic Theory, vol. 15(1), pages 95-107, March.
    10. Chen, Been-Lon & Hu, Yunfang & Mino, Kazuo, 2019. "Stability of a Small Open Economy under Nonlinear Income Taxation," MPRA Paper 98101, University Library of Munich, Germany.
    11. Jang-Ting Guo & Shu-Hua Chen, 2015. "Progressive Taxation as an Automatic Destabilizer under Endogenous Growth," Working Papers 201510, University of California at Riverside, Department of Economics.
    12. Aleksandar Vasilev, 2016. "Progressive taxation and (in)stability in an endogenous growth model with human capital accumulation," Journal of Economics and Econometrics, Economics and Econometrics Society, vol. 59(2), pages 1-15.
    13. Wei-Bin ZHANG, 2018. "Corruption, governments’ debts, trade, and global growth," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(2(615), S), pages 27-50, Summer.
    14. Vasilev, Aleksandar, 2016. "Progressive taxation and (in)stability in an endogenous growth model with human capital accumulation: the case of Bulgaria," EconStor Preprints 144212, ZBW - Leibniz Information Centre for Economics.

  10. Jang-Ting Guo & Sharon G. Harrison, 2014. "Indeterminacy with Progressive Taxation and Sector-Specific Externalities," Working Papers 201403, University of California at Riverside, Department of Economics.

    Cited by:

    1. Been-Lon Chen & Mei Hsu & Yu-Shan Hsu, 2018. "Progressive taxation and macroeconomic stability in two-sector models with social constant returns," Journal of Economics, Springer, vol. 125(1), pages 51-68, September.
    2. Chen, Been-Lon & Hu, Yunfang & Mino, Kazuo, 2019. "Income Taxation Rules and Stability of a Small Open Economy," MPRA Paper 98098, University Library of Munich, Germany.
    3. Juin‐Jen Chang & Jang‐Ting Guo & Jhy‐Yuan Shieh & Wei‐Neng Wang, 2019. "Sectoral composition of government spending, distortionary income taxation, and macroeconomic (in)stability," International Journal of Economic Theory, The International Society for Economic Theory, vol. 15(1), pages 95-107, March.
    4. Chen, Been-Lon & Hu, Yunfang & Mino, Kazuo, 2019. "Stability of a Small Open Economy under Nonlinear Income Taxation," MPRA Paper 98101, University Library of Munich, Germany.
    5. Jang-Ting Guo & Shu-Hua Chen, 2015. "Progressive Taxation as an Automatic Destabilizer under Endogenous Growth," Working Papers 201510, University of California at Riverside, Department of Economics.
    6. Zhang, Yan, 2020. "Stabilization policy and indeterminacy in a small open economy," Economic Modelling, Elsevier, vol. 90(C), pages 159-167.
    7. Juin‐Jen Chang & Jang‐Ting Guo & Wei‐Neng Wang, 2021. "On Endogenous Business Cycles Under Increasing Returns To Variety And Sector‐Specific Externality," Economic Inquiry, Western Economic Association International, vol. 59(1), pages 532-548, January.

  11. Jang-Ting Guo & Shu-Hua Chen, 2013. "Progressive Taxation and Macroeconomic (In)stability with Utility-Generating Government Spending," Working Papers 201302, University of California at Riverside, Department of Economics, revised Apr 2013.

    Cited by:

    1. Tilemahos Efthimiadis & Panagiotis Tsintzos, 2023. "From Debt to Green Growth: A Policy Proposal," Sustainability, MDPI, vol. 15(4), pages 1-14, February.
    2. Fujisaki, Seiya, 2017. "Equilibrium Determinacy in a Two-Tax System with Utility from Government Expenditure," MPRA Paper 81214, University Library of Munich, Germany.
    3. Been-Lon Chen & Mei Hsu & Yu-Shan Hsu, 2018. "Progressive taxation and macroeconomic stability in two-sector models with social constant returns," Journal of Economics, Springer, vol. 125(1), pages 51-68, September.
    4. Shu‐Hua Chen & Jang‐Ting Guo, 2018. "On Indeterminacy and Growth under Progressive Taxation and Utility‐Generating Government Spending," Pacific Economic Review, Wiley Blackwell, vol. 23(3), pages 533-543, August.
    5. Geronikolaou, George & Spyromitros, Eleftherios & Tsintzos, Panagiotis, 2020. "Progressive taxation and human capital as determinants of inflation persistence," Economic Modelling, Elsevier, vol. 88(C), pages 82-97.
    6. Engler, Philipp & Strehl, Wolfgang, 2016. "The macroeconomic effects of progressive taxes and welfare," Discussion Papers 2016/23, Free University Berlin, School of Business & Economics.
    7. Francesco Carli & Leonor Modesto, 2022. "Sovereign debt, fiscal policy, and macroeconomic instability," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 24(6), pages 1386-1412, December.
    8. Şakir Erdem & Beril Durmuş & Osman Özdemir, 2017. "The Relationship with Ad Clicks and Purchase Intention: An Empiricial Study of Online Consumer Behaviour," European Journal of Economics and Business Studies Articles, Revistia Research and Publishing, vol. 3, September.
    9. Juin‐Jen Chang & Jang‐Ting Guo & Jhy‐Yuan Shieh & Wei‐Neng Wang, 2019. "Sectoral composition of government spending, distortionary income taxation, and macroeconomic (in)stability," International Journal of Economic Theory, The International Society for Economic Theory, vol. 15(1), pages 95-107, March.
    10. Jang-Ting Guo & Shu-Hua Chen, 2015. "Progressive Taxation as an Automatic Destabilizer under Endogenous Growth," Working Papers 201510, University of California at Riverside, Department of Economics.
    11. Zhang, Yan, 2020. "Stabilization policy and indeterminacy in a small open economy," Economic Modelling, Elsevier, vol. 90(C), pages 159-167.
    12. Maxime Menuet & Alexandru Minea & Patrick Villieu, 2019. "Budget Rules, Distortionnary Taxes, and Aggregate Instability: A reappraisal," Working Papers hal-02153856, HAL.
    13. Wei-bin ZHANG, 2020. "Corruption and Public Service in an Extended Solowian Growth Model with Endogenous Labor Supply," Journal of Economic Policy Researches, Istanbul University, Faculty of Economics, vol. 7(2), pages 1-20, July.
    14. Daisuke Ida & Kenichi Kaminoyama, 2023. "Progressive taxation and optimal monetary policy in a two‐country new Keynesian model," International Finance, Wiley Blackwell, vol. 26(3), pages 260-285, December.
    15. Wei Bin Zhang, 2015. "Progressive Income Taxation and Economic Growth with Endogenous Labor Supply and Public Good," European Journal of Economics and Business Studies Articles, Revistia Research and Publishing, vol. 1, September.
    16. Wei-Bin ZHANG, 2018. "Nonlinear Progressive Income Taxation And Inequalities In Income And Wealth Between Heterogeneous Households," Scientific Bulletin - Economic Sciences, University of Pitesti, vol. 17(2), pages 42-53.
    17. Shian -Jang Tzeng & Yirui Xu & Jianfu Ding & Yongyou Li & Hongshi Jin, 2021. "The dynamic analysis of maintenance policy in a growing economy with public capital," International Journal of Economic Policy Studies, Springer, vol. 15(1), pages 183-204, February.
    18. Wang, Guizhou & Hausken, Kjell, 2024. "Hard money and fiat money in an inflationary world," Research in International Business and Finance, Elsevier, vol. 67(PB).

  12. Jang-Ting Guo & Juin-Jen Chang & Jhy-Yuan Shieh & Wei-Neng Wang, 2013. "Sectoral Composition of Government Spending and Macroeconomic (In)stability," Working Papers 201305, University of California at Riverside, Department of Economics, revised Sep 2013.

    Cited by:

    1. Maxime Menuet & Alexandru Minea & Patrick Villieu, 2019. "The Peril of Fiscal Rules," Post-Print hal-02314996, HAL.
    2. Constantine Angyridis & Panagiotis Tsintzos, 2018. "Public Investment, Government Indebtedness and Transitional Dynamics," Review of Economic Analysis, Digital Initiatives at the University of Waterloo Library, vol. 10(2), pages 121-150, March.
    3. Maxime Menuet & Alexandru Minea & Patrick Villieu, 2019. "Budget Rules, Distortionnary Taxes, and Aggregate Instability: A reappraisal," Working Papers hal-02153856, HAL.
    4. Juin‐Jen Chang & Jang‐Ting Guo & Wei‐Neng Wang, 2021. "On Endogenous Business Cycles Under Increasing Returns To Variety And Sector‐Specific Externality," Economic Inquiry, Western Economic Association International, vol. 59(1), pages 532-548, January.

  13. Jang-Ting Guo & Anca-Ioana Sirbu & Mark Weder, 2012. "News about Aggregate Demand and the Business Cycle," School of Economics and Public Policy Working Papers 2012-01, University of Adelaide, School of Economics and Public Policy.

    Cited by:

    1. Paul Beaudry & Franck Portier, 2014. "News Driven Business Cycles: Insights and Challenges," 2014 Meeting Papers 289, Society for Economic Dynamics.
    2. Munechika Katayama & Kwang Hwan Kim, 2018. "Intersectoral Labor Immobility, Sectoral Comovement, and News Shocks," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 50(1), pages 77-114, February.
    3. Tania Karamisheva, 2021. "Measuring the Business Cycle in Bulgaria," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 3, pages 17-38.
    4. Ali, Syed Zahid & Qureshi, Irfan A., 2021. "Anticipated versus unanticipated productivity shocks and hours-worked," International Review of Economics & Finance, Elsevier, vol. 72(C), pages 547-572.
    5. Marinko Škare & Saša Stjepanović, 2016. "Measuring Business Cycles: A Review," Contemporary Economics, University of Economics and Human Sciences in Warsaw., vol. 10(1), March.
    6. Christopher M. Gunn, 2018. "Overaccumulation, Interest, and Prices," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 50(2-3), pages 479-511, March.
    7. Yong, Chen & Dingming, Liu, 2019. "How does government spending news affect interest rates? Evidence from the United States," Journal of Economic Dynamics and Control, Elsevier, vol. 108(C).

  14. J-T Guo & A Krause, 2010. "Dynamic Income Taxation without Commitment: Comparing Alternative Tax Systems," Discussion Papers 10/15, Department of Economics, University of York.

    Cited by:

    1. Jang-Ting Guo & Alan Krause, 2015. "Changing Social Preferences and Optimal Redistributive Taxation," Discussion Papers 15/26, Department of Economics, University of York.
    2. Jang-Ting Guo & Alan Krause, 2014. "Dynamic Nonlinear Income Taxation with Quasi-Hyperbolic Discounting and No Commitment," Working Papers 201415, University of California at Riverside, Department of Economics.
    3. Marcus Berliant & John Ledyard, 2004. "Optimal Dynamic Nonlinear Income Taxes with No Commitment," Public Economics 0403004, University Library of Munich, Germany, revised 13 Aug 2005.
    4. Alan Krause, 2015. "On Redistributive Taxation under the Threat of High-Skill Emigration," Discussion Papers 15/21, Department of Economics, University of York.
    5. Guo, Jang-Ting & Krause, Alan, 2014. "Optimal Dynamic Nonlinear Income Taxation Under Loose Commitment," Macroeconomic Dynamics, Cambridge University Press, vol. 18(6), pages 1403-1427, September.
    6. Jang-Ting Guo & Alan Krause, 2017. "The Credibility of Commitment and Optimal Nonlinear Savings Taxation," Working Papers 201708, University of California at Riverside, Department of Economics.
    7. Shigeo Morita, 2022. "The MCPF under the pandemic," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 24(5), pages 993-1015, October.
    8. Shigeo Morita & Takuya Obara, 2021. "Public investment criteria under optimal nonlinear income taxation without commitment," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 23(4), pages 732-745, August.

  15. Guo, Jang-Ting & Sirbu, Anca-Ioana & Suen, Richard M. H., 2010. "On Expectations-Driven Business Cycles in Economies with Production Externalities: A Comment," MPRA Paper 24989, University Library of Munich, Germany.

    Cited by:

    1. Paul Beaudry & Franck Portier, 2014. "News Driven Business Cycles: Insights and Challenges," 2014 Meeting Papers 289, Society for Economic Dynamics.
    2. Guo, Jang-Ting & Sirbu, Anca-Ioana & Weder, Mark, 2015. "News about aggregate demand and the business cycle," Journal of Monetary Economics, Elsevier, vol. 72(C), pages 83-96.
    3. Kazuo Mino, 2017. "Sunspot-Driven Business Cycles: An Overview," KIER Working Papers 973, Kyoto University, Institute of Economic Research.
    4. Pavlov, Oscar, 2016. "Can firm entry explain news-driven fluctuations?," Economic Modelling, Elsevier, vol. 52(PB), pages 427-434.
    5. Kazuo Nishimura & Myrna Wooders & Makoto Yano, 2013. "Macroeconomic dynamics and its micro foundation: A special issue in honor of Cuong Le Van," International Journal of Economic Theory, The International Society for Economic Theory, vol. 9(1), pages 1-3, March.
    6. Oscar Pavlov & Mark Weder, 2012. "Countercyclical Markups and News-Driven Business Cycles," School of Economics and Public Policy Working Papers 2012-02, University of Adelaide, School of Economics and Public Policy.

  16. Jang-Ting Guo & Shu-Hua Chen, 2010. "Progressive Taxation and Macroeconomic (In)stability with Productive Government Spending," Working Papers 201006, University of California at Riverside, Department of Economics, revised Aug 2010.

    Cited by:

    1. Tilemahos Efthimiadis & Panagiotis Tsintzos, 2023. "From Debt to Green Growth: A Policy Proposal," Sustainability, MDPI, vol. 15(4), pages 1-14, February.
    2. Juin-Jen Chang & Jang-Ting Guo & Jhy-Yuan Shieh & Wei-Neng Wang, 2013. "Sectoral Composition of Government Spending and Macroeconomic (In)stability," IEAS Working Paper : academic research 13-A010, Institute of Economics, Academia Sinica, Taipei, Taiwan.
    3. Jonathan Heathcote & Kjetil Storesletten & Giovanni L. Violante, 2014. "Optimal Tax Progressivity: An Analytical Framework," Staff Report 496, Federal Reserve Bank of Minneapolis.
    4. Carneiro, Fernando Moraes & Turnovsky, Stephen J. & Tourinho, Octavio Augusto Fontes, 2022. "Economic growth and inequality tradeoffs under progressive taxation," Journal of Economic Dynamics and Control, Elsevier, vol. 143(C).
    5. Been-Lon Chen & Yunfang Hu & Kazuo Mino, 2018. "Does Nonlinear Taxation Stabilize Small Open Economies?," KIER Working Papers 997, Kyoto University, Institute of Economic Research.
    6. Maxime Menuet & Alexandru Minea & Patrick Villieu, 2019. "Increasing Returns, Balanced-Budget Rules, and Aggregate Fluctuations," Working Papers hal-02153853, HAL.
    7. Been-Lon Chen & Mei Hsu & Yu-Shan Hsu, 2018. "Progressive taxation and macroeconomic stability in two-sector models with social constant returns," Journal of Economics, Springer, vol. 125(1), pages 51-68, September.
    8. Jay H. Hong & Byoung Hoon Seok & Hye Mi You, 2019. "Wage Volatility And Changing Patterns Of Labor Supply," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 60(2), pages 595-630, May.
    9. Yan Zhang, 2021. "Income effects, stabilization policy, and indeterminacy in one-sector models," Annals of Economics and Finance, Society for AEF, vol. 22(1), pages 109-133, May.
    10. Diana Alessandrini, 2021. "Progressive Taxation and Economic Stability," Scandinavian Journal of Economics, Wiley Blackwell, vol. 123(2), pages 422-452, April.
    11. Chen, Been-Lon & Hu, Yunfang & Mino, Kazuo, 2019. "Income Taxation Rules and Stability of a Small Open Economy," MPRA Paper 98098, University Library of Munich, Germany.
    12. Chen, Shu-Hua, 2020. "Inequality-growth nexus under progressive income taxation," Journal of Macroeconomics, Elsevier, vol. 65(C).
    13. Engler, Philipp & Strehl, Wolfgang, 2016. "The macroeconomic effects of progressive taxes and welfare," Discussion Papers 2016/23, Free University Berlin, School of Business & Economics.
    14. George Economides & Apostolis Philippopoulos & Stylianos Sakkas, 2021. "Redistributive policies in general equilibrium," JRC Working Papers on Territorial Modelling and Analysis 2021-08, Joint Research Centre.
    15. Francesco Carli & Leonor Modesto, 2022. "Sovereign debt, fiscal policy, and macroeconomic instability," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 24(6), pages 1386-1412, December.
    16. Jang-Ting Guo & Sharon G. Harrison, 2015. "Indeterminacy with Progressive Taxation and Sector-Specific Externalities," Pacific Economic Review, Wiley Blackwell, vol. 20(2), pages 268-281, May.
    17. Juin‐Jen Chang & Jang‐Ting Guo & Jhy‐Yuan Shieh & Wei‐Neng Wang, 2019. "Sectoral composition of government spending, distortionary income taxation, and macroeconomic (in)stability," International Journal of Economic Theory, The International Society for Economic Theory, vol. 15(1), pages 95-107, March.
    18. Chen, Shu-Hua & Guo, Jang-Ting, 2014. "Progressive taxation and macroeconomic (in)stability with utility-generating government spending," Journal of Macroeconomics, Elsevier, vol. 42(C), pages 174-183.
    19. Jang-Ting Guo & Shu-Hua Chen, 2015. "Progressive Taxation as an Automatic Destabilizer under Endogenous Growth," Working Papers 201510, University of California at Riverside, Department of Economics.
    20. Zhang, Yan, 2020. "Stabilization policy and indeterminacy in a small open economy," Economic Modelling, Elsevier, vol. 90(C), pages 159-167.
    21. Maxime Menuet & Alexandru Minea & Patrick Villieu, 2019. "Budget Rules, Distortionnary Taxes, and Aggregate Instability: A reappraisal," Working Papers hal-02153856, HAL.
    22. Keinsley, Andrew, 2016. "Indexing the income tax code, monetary/fiscal interaction, and the great moderation," European Economic Review, Elsevier, vol. 89(C), pages 1-20.
    23. Wei Bin Zhang, 2015. "Progressive Income Taxation and Economic Growth with Endogenous Labor Supply and Public Good," European Journal of Economics and Business Studies Articles, Revistia Research and Publishing, vol. 1, September.
    24. Shian -Jang Tzeng & Yirui Xu & Jianfu Ding & Yongyou Li & Hongshi Jin, 2021. "The dynamic analysis of maintenance policy in a growing economy with public capital," International Journal of Economic Policy Studies, Springer, vol. 15(1), pages 183-204, February.

  17. Jang-Ting Guo & Alan Krause, 2010. "Optimal Nonlinear Taxation of Income and Education Expenditures," Working Papers 201008, University of California at Riverside, Department of Economics, revised Aug 2010.

    Cited by:

    1. Jang-Ting Guo & Alan Krause, 2015. "Changing Social Preferences and Optimal Redistributive Taxation," Discussion Papers 15/26, Department of Economics, University of York.
    2. Jang-Ting Guo & Alan Krause, 2014. "Dynamic Nonlinear Income Taxation with Quasi-Hyperbolic Discounting and No Commitment," Working Papers 201415, University of California at Riverside, Department of Economics.
    3. Alan Krause, 2015. "On Redistributive Taxation under the Threat of High-Skill Emigration," Discussion Papers 15/21, Department of Economics, University of York.
    4. Guo, Jang-Ting & Krause, Alan, 2015. "Dynamic income taxation without commitment: Comparing alternative tax systems," Economic Modelling, Elsevier, vol. 47(C), pages 319-326.
    5. Giacomo Valletta, 2014. "Health, fairness and taxation," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 43(1), pages 101-140, June.
    6. Shigeo Morita, 2017. "Optimal income taxation without commitment: policy implications of durable goods," Economics Bulletin, AccessEcon, vol. 37(4), pages 2917-2934.
    7. Shigeo Morita, 2014. "Optimal income taxation without commitment: policy implications of durable goods," Discussion Papers in Economics and Business 14-32, Osaka University, Graduate School of Economics.
    8. Jang-Ting Guo & Alan Krause, 2017. "The Credibility of Commitment and Optimal Nonlinear Savings Taxation," Working Papers 201708, University of California at Riverside, Department of Economics.
    9. Shigeo Morita, 2014. "The time consistent public goods provision," Discussion Papers in Economics and Business 14-31, Osaka University, Graduate School of Economics.
    10. OBARA, Takuya, 2018. "Optimal human capital policies under the endogenous choice of educational types," CCES Discussion Paper Series 66_v2, Center for Research on Contemporary Economic Systems, Graduate School of Economics, Hitotsubashi University.
    11. Shigeo Morita, 2022. "The MCPF under the pandemic," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 24(5), pages 993-1015, October.
    12. Spencer Bastani & Firouz Gahvari & Luca Micheletto, 2022. "Nonlinear Taxation of Income and Education in the Presence of Income-Misreporting," CESifo Working Paper Series 9987, CESifo.
    13. Shigeo Morita & Takuya Obara, 2021. "Public investment criteria under optimal nonlinear income taxation without commitment," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 23(4), pages 732-745, August.

  18. Jang-Ting Guo & Alan Krause, 2010. "Optimal Dynamic Nonlinear Income Taxation under Loose Commitment," Discussion Papers 10/23, Department of Economics, University of York.

    Cited by:

    1. Jang-Ting Guo & Alan Krause, 2015. "Changing Social Preferences and Optimal Redistributive Taxation," Discussion Papers 15/26, Department of Economics, University of York.
    2. Yuhn, Ky-hyang & Bennett, Christopher S., 2016. "A Note On The Bush Tax Cuts: Did They Succeed In Stimulating Business Investment?," Macroeconomic Dynamics, Cambridge University Press, vol. 20(6), pages 1623-1639, September.
    3. Alan Krause, 2015. "On Redistributive Taxation under the Threat of High-Skill Emigration," Discussion Papers 15/21, Department of Economics, University of York.
    4. Guo, Jang-Ting & Krause, Alan, 2015. "Dynamic income taxation without commitment: Comparing alternative tax systems," Economic Modelling, Elsevier, vol. 47(C), pages 319-326.
    5. Jang-Ting Guo & Alan Krause, 2017. "The Credibility of Commitment and Optimal Nonlinear Savings Taxation," Working Papers 201708, University of California at Riverside, Department of Economics.
    6. Shigeo Morita & Takuya Obara, 2021. "Public investment criteria under optimal nonlinear income taxation without commitment," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 23(4), pages 732-745, August.

  19. Jang-Ting Guo & Chi-Ting Chin & Ching-Chong Lai, 2009. "Indeterminacy and Investment Adjustment Costs in an Endogenously Growing Small Open Economy," Working Papers 200913, University of California at Riverside, Department of Economics, revised Nov 2009.

    Cited by:

    1. Lai, Chung-hui, 2013. "(In)determinacy, bargaining, and R&D policies in an economy with endogenous technological change," Economics Discussion Papers 2013-14, Kiel Institute for the World Economy (IfW Kiel).

  20. Jang-Ting Guo & Alan Krause, 2008. "Optimal Nonlinear Income Taxation with Habit Formation," Working Papers 200810, University of California at Riverside, Department of Economics, revised Aug 2008.

    Cited by:

    1. Jang-Ting Guo & Alan Krause, 2015. "Changing Social Preferences and Optimal Redistributive Taxation," Discussion Papers 15/26, Department of Economics, University of York.
    2. Jang-Ting Guo & Alan Krause, 2014. "Dynamic Nonlinear Income Taxation with Quasi-Hyperbolic Discounting and No Commitment," Working Papers 201415, University of California at Riverside, Department of Economics.
    3. Shu-Hua Chen, 2012. "On the Growth and Stability Effects of Habit Formation and Durability in Consumption," Annals of Economics and Finance, Society for AEF, vol. 13(2), pages 283-298, November.
    4. Alan Krause, 2015. "On Redistributive Taxation under the Threat of High-Skill Emigration," Discussion Papers 15/21, Department of Economics, University of York.
    5. Aronsson, Thomas & Schöb, Ronnie, 2017. "Habit Formation and the Pareto-Efficient Provision of Public Goods," Umeå Economic Studies 944, Umeå University, Department of Economics.
    6. Alan Krause, 2014. "Optimal Savings Taxation when Individuals Have Different CRRA Utility Functions," Annals of Economics and Statistics, GENES, issue 113-114, pages 207-223.
    7. Guo, Jang-Ting & Krause, Alan, 2015. "Dynamic income taxation without commitment: Comparing alternative tax systems," Economic Modelling, Elsevier, vol. 47(C), pages 319-326.
    8. Guo, Jang-Ting & Krause, Alan, 2014. "Optimal Dynamic Nonlinear Income Taxation Under Loose Commitment," Macroeconomic Dynamics, Cambridge University Press, vol. 18(6), pages 1403-1427, September.
    9. Shigeo Morita, 2017. "Optimal income taxation without commitment: policy implications of durable goods," Economics Bulletin, AccessEcon, vol. 37(4), pages 2917-2934.
    10. Shigeo Morita, 2014. "Optimal income taxation without commitment: policy implications of durable goods," Discussion Papers in Economics and Business 14-32, Osaka University, Graduate School of Economics.
    11. Goerke, Laszlo, 2020. "An Efficiency-Wage Model with Habit Concerns about Wages," IZA Discussion Papers 13454, Institute of Labor Economics (IZA).
    12. Jang-Ting Guo & Alan Krause, 2017. "The Credibility of Commitment and Optimal Nonlinear Savings Taxation," Working Papers 201708, University of California at Riverside, Department of Economics.
    13. Jang-Ting Guo & Alan Krause, 2013. "Optimal nonlinear taxation of income and education expenditures," Oxford Economic Papers, Oxford University Press, vol. 65(1), pages 74-95, January.
    14. Laszlo Goerke, 2021. "Habit formation and wage determination," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 42(1), pages 61-76, January.
    15. Shigeo Morita, 2014. "The time consistent public goods provision," Discussion Papers in Economics and Business 14-31, Osaka University, Graduate School of Economics.
    16. Shigeo Morita, 2022. "The MCPF under the pandemic," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 24(5), pages 993-1015, October.
    17. Aronsson, Thomas & Johansson-Stenman, Olof, 2014. "Positional preferences in time and space: Optimal income taxation with dynamic social comparisons," Journal of Economic Behavior & Organization, Elsevier, vol. 101(C), pages 1-23.
    18. Juin‐Jen Chang & Hsueh‐Fang Tsai & Tsung‐Sheng Tsai, 2019. "Optimal Dynamic Taxation with Distinctive Forms of Social Status Attainment," Scandinavian Journal of Economics, Wiley Blackwell, vol. 121(2), pages 808-842, April.
    19. Shigeo Morita & Takuya Obara, 2021. "Public investment criteria under optimal nonlinear income taxation without commitment," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 23(4), pages 732-745, August.

  21. Sharon Harrison & Jang-Ting Guo, 2008. "Indeterminacy with No-Income-Effect Preferences and Sector-Specifc Externalities," Working Papers 0801, Barnard College, Department of Economics.

    Cited by:

    1. Juin-Jen Chang & Jang-Ting Guo & Jhy-Yuan Shieh & Wei-Neng Wang, 2013. "Sectoral Composition of Government Spending and Macroeconomic (In)stability," IEAS Working Paper : academic research 13-A010, Institute of Economics, Academia Sinica, Taipei, Taiwan.
    2. Stephen McKnight & Laura Povoledo, 2021. "Endogenous Fluctuations and International Business Cycles," Serie documentos de trabajo del Centro de Estudios Económicos 2021-10, El Colegio de México, Centro de Estudios Económicos.
    3. Magris, Francesco, 2012. "Indeterminacy and multiple steady states with sector-specific externalities," Economic Modelling, Elsevier, vol. 29(6), pages 2664-2672.
    4. Frédéric Dufourt & Kazuo Nishimura & Carine Nourry & Alain Venditti, 2015. "Sunspot Fluctuations in Two-Sector Models with Variable Income Effects," Working Papers halshs-01269951, HAL.
    5. Frédéric Dufourt & Kazuo Nishimura & Alain Venditti, 2015. "Indeterminacy and sunspots in two-sector RBC models with generalized no-income-effect preferences," Post-Print hal-01457296, HAL.
    6. Frédéric Dufourt & Kazuo Nishimura & Alain Venditti, 2023. "Expectations, self-fulfilling prophecies and the business cycle," AMSE Working Papers 2234, Aix-Marseille School of Economics, France.
    7. Been-Lon Chen & Mei Hsu & Yu-Shan Hsu, 2018. "Progressive taxation and macroeconomic stability in two-sector models with social constant returns," Journal of Economics, Springer, vol. 125(1), pages 51-68, September.
    8. Kazuo Mino, 2017. "Sunspot-Driven Business Cycles: An Overview," KIER Working Papers 973, Kyoto University, Institute of Economic Research.
    9. Nishimura, Kazuo & Venditti, Alain, 2010. "Indeterminacy and expectation-driven fluctuations with non-separable preferences," Mathematical Social Sciences, Elsevier, vol. 60(1), pages 46-56, July.
    10. Jang-Ting Guo & Sharon G. Harrison, 2015. "Indeterminacy with Progressive Taxation and Sector-Specific Externalities," Pacific Economic Review, Wiley Blackwell, vol. 20(2), pages 268-281, May.
    11. Manjira Datta & Kevin Reffett & Łukasz Woźny, 2018. "Comparing recursive equilibrium in economies with dynamic complementarities and indeterminacy," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 66(3), pages 593-626, October.
    12. Zhang, Yan, 2020. "Stabilization policy and indeterminacy in a small open economy," Economic Modelling, Elsevier, vol. 90(C), pages 159-167.
    13. Yoichi Gokan, 2017. "Do Consumption Externalities Correspond to the Indivisible Tax Rates on Consumpiton?," CIRJE F-Series CIRJE-F-1041, CIRJE, Faculty of Economics, University of Tokyo.

  22. Jang-Ting Guo & Kevin J. Lansing, 2008. "Capital-labor substitution, equilibrium indeterminacy, and the cyclical behavior of labor income," Working Paper Series 2008-06, Federal Reserve Bank of San Francisco.

    Cited by:

    1. Fabien Tripier, 2009. "Elasticity of factor substitution and the rise in labor's share of income during the Great Depression," Working Papers hal-00419343, HAL.

  23. Sharon Harrison & Jang-Ting Guo, 2006. "Useful Government Spending and Macroeconomic (In)stability under Balanced-Budget Rules," Working Papers 0701, Barnard College, Department of Economics.

    Cited by:

    1. Jang-Ting Guo & Shu-Hua Chen, 2010. "Progressive Taxation and Macroeconomic (In)stability with Productive Government Spending," Working Papers 201006, University of California at Riverside, Department of Economics, revised Aug 2010.
    2. Long, Xin & Pelloni, Alessandra, 2017. "Factor income taxation in a horizontal innovation model," Journal of Public Economics, Elsevier, vol. 154(C), pages 137-159.
    3. Maxime Menuet & Alexandru Minea & Patrick Villieu, 2019. "The Peril of Fiscal Rules," Post-Print hal-02314996, HAL.
    4. Gliksberg, Baruch, 2010. "Consolidated-Budget Rules and Macroeconomic Stability with Income-Tax and Finance Constraints," MPRA Paper 24817, University Library of Munich, Germany.
    5. Noritaka Maebayashi & Takeo Hori & Koichi Futagami, 2012. "Dynamic analysis of reductions in public debt in an endogenous growth model with public capital," Discussion Papers in Economics and Business 12-08-Rev.2, Osaka University, Graduate School of Economics, revised Jan 2014.
    6. Xue, Jianpo & Yip, Chong K., 2018. "Home production, balanced-budget taxation and economic (in)stability," Journal of Macroeconomics, Elsevier, vol. 56(C), pages 231-242.
    7. Fujisaki, Seiya, 2017. "Equilibrium Determinacy in a Two-Tax System with Utility from Government Expenditure," MPRA Paper 81214, University Library of Munich, Germany.
    8. L. Marattin & A. Palestini, 2010. "Government Spending Under Non-Separability: a Theoretical Analysis," Working Papers wp722, Dipartimento Scienze Economiche, Universita' di Bologna.
    9. Bom, Pedro R.D., 2019. "Fiscal rules and the intergenerational welfare effects of public investment," Economic Modelling, Elsevier, vol. 81(C), pages 455-470.
    10. Maxime Menuet & Alexandru Minea & Patrick Villieu, 2019. "Increasing Returns, Balanced-Budget Rules, and Aggregate Fluctuations," Working Papers hal-02153853, HAL.
    11. Matteo Ghilardi & Raffaele Rossi, 2014. "Aggregate Stability and Balanced-Budget Rules," IMF Working Papers 2014/023, International Monetary Fund.
    12. Xue, Jianpo & Yip, Chong K., 2014. "Factor substitution and taxation in a finance constrained economy," Journal of Mathematical Economics, Elsevier, vol. 55(C), pages 101-112.
    13. Nishimura, Kazuo & Nourry, Carine & Seegmuller, Thomas & Venditti, Alain, 2016. "Public Spending As A Source Of Endogenous Business Cycles In A Ramsey Model With Many Agents," Macroeconomic Dynamics, Cambridge University Press, vol. 20(2), pages 504-524, March.
    14. Kazuo Nishimura & Carine Nourry & Thomas Seegmuller & Alain Venditti, 2014. "On the (De)Stabilizing Effect of Public Debt in a Ramsey Model with Heterogeneous Agents," AMSE Working Papers 1436, Aix-Marseille School of Economics, France, revised Jun 2014.
    15. wei-bin zhang, 2017. "Business Cycles with Progressive Income Taxation," International Journal of Business and Management, International Institute of Social and Economic Sciences, vol. 5(2), pages 78-95, November.
    16. Maxime Menuet & Alexandru Minea & Patrick Villieu, 2019. "Endogenous fluctuations and the balanced-budget rule: taxes versus spending-based adjustment," Post-Print halshs-02318369, HAL.
    17. Chu, Angus C. & Liao, Chih-Hsing & Liu, Xiangbo & Zhang, Mengbo, 2015. "Indeterminacy in a Matching Model of Money with Productive Government Expenditure," MPRA Paper 67172, University Library of Munich, Germany.
    18. Xin Long & Alessandra Pelloni, 2012. "Welfare Improving Taxation on Savings in a Growth Model," CEIS Research Paper 218, Tor Vergata University, CEIS, revised 27 Jan 2012.
    19. Ismael, Mohanad, 2011. "Progressive income taxes and macroeconomic instability," MPRA Paper 49917, University Library of Munich, Germany.
    20. Keiichi Morimoto & Takeo Hori & Noritaka Maebayashi & Koichi Futagami, 2013. "Fiscal Sustainability, Macroeconomic Stability, and Welfare under Fiscal Discipline in a Small Open Economy," Discussion Papers in Economics and Business 13-07, Osaka University, Graduate School of Economics.
    21. Lloyd-Braga, Teresa & Modesto, Leonor, 2012. "Can Taxes Stabilize the Economy in the Presence of Consumption Externalities?," IZA Discussion Papers 6876, Institute of Labor Economics (IZA).
    22. Kevin X.D. Huang & Qinglai Meng & Jianpo Xue, 2018. "Balanced‐Budget Rules and Aggregate Instability: The Role of Endogenous Capital Utilization," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 50(8), pages 1669-1709, December.
    23. Kunihiko Konishi, 2013. "Public Research Spending in an Endogenous Growth Model," Discussion Papers in Economics and Business 13-26, Osaka University, Graduate School of Economics.
    24. Zhiming Fu & Antoine Le Riche, 2022. "Public spending, monetary policy and macroeconomic instability," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 24(3), pages 580-608, June.
    25. Keiichi Morimoto & Takeo Hori & Noritaka Maebayashi & Koichi Futagami, 2017. "Debt Policy Rules in an Open Economy," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 19(1), pages 158-177, February.
    26. Chen, Shu-Hua & Guo, Jang-Ting, 2014. "Progressive taxation and macroeconomic (in)stability with utility-generating government spending," Journal of Macroeconomics, Elsevier, vol. 42(C), pages 174-183.
    27. Kamiguchi, Akira & Tamai, Toshiki, 2011. "Can productive government spending be a source of equilibrium indeterminacy?," Economic Modelling, Elsevier, vol. 28(3), pages 1335-1340, May.
    28. Fujisaki, Seiya, 2016. "Equilibrium Determinacy and Policy Rules : Role of Productive Money and Government Expenditure," MPRA Paper 69834, University Library of Munich, Germany.
    29. Maxime Menuet & Alexandru Minea & Patrick Villieu, 2019. "Budget Rules, Distortionnary Taxes, and Aggregate Instability: A reappraisal," Working Papers hal-02153856, HAL.
    30. Jianpo Xue & Chong K. Yip, 2015. "Balanced-Budget Rules, Elasticity of Substitution, and Macroeconomic (In)Stability," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 17(2), pages 196-218, April.
    31. Huang, Kevin X.D. & Meng, Qinglai & Xue, Jianpo, 2017. "Balanced-budget income taxes and aggregate stability in a small open economy," Journal of International Economics, Elsevier, vol. 105(C), pages 90-101.
    32. Fujisaki, Seiya, 2016. "Macroeconomic Effect of Consumption Tax on ”Dynamic” and ”Myopic” Agents," MPRA Paper 73500, University Library of Munich, Germany.
    33. Carmelo Pierpaolo Parello, 2021. "Free labor mobility and indeterminacy in models of neoclassical growth," Journal of Economics, Springer, vol. 133(1), pages 27-46, June.
    34. Wei Bin Zhang, 2015. "Progressive Income Taxation and Economic Growth with Endogenous Labor Supply and Public Good," European Journal of Economics and Business Studies Articles, Revistia Research and Publishing, vol. 1, September.
    35. Wei-Bin ZHANG, 2018. "Nonlinear Progressive Income Taxation And Inequalities In Income And Wealth Between Heterogeneous Households," Scientific Bulletin - Economic Sciences, University of Pitesti, vol. 17(2), pages 42-53.
    36. Francesco MAGRIS & Daria ONORI, 2020. "Taylor and fiscal rules: when do they stabilize the economy?," LEO Working Papers / DR LEO 2746, Orleans Economics Laboratory / Laboratoire d'Economie d'Orleans (LEO), University of Orleans.
    37. Fujisaki, Seiya, 2016. "Aggregate Stability in Monetary Economy with Consumption Tax and Taylor Rule," MPRA Paper 69833, University Library of Munich, Germany.
    38. Shian -Jang Tzeng & Yirui Xu & Jianfu Ding & Yongyou Li & Hongshi Jin, 2021. "The dynamic analysis of maintenance policy in a growing economy with public capital," International Journal of Economic Policy Studies, Springer, vol. 15(1), pages 183-204, February.
    39. Mohanad Ismael, 2014. "Progressive income taxes and macroeconomic instability," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 10(2), pages 49-61.
    40. Takeo Hori & Noritaka Maebayashi, 2013. "Indeterminacy and utility-generating government spending under balanced-budget fiscal policies," Discussion Papers in Economics and Business 13-13, Osaka University, Graduate School of Economics.
    41. Martin M. Andreasen & Kasper Jørgensen, 2016. "Explaining Asset Prices with Low Risk Aversion and Low Intertemporal Substitution," CREATES Research Papers 2016-16, Department of Economics and Business Economics, Aarhus University.

  24. Jang-Ting Guo & Kevin J. Lansing, 2005. "Maintenance expenditures and indeterminacy under increasing returns to scale," Working Paper Series 2005-10, Federal Reserve Bank of San Francisco.

    Cited by:

    1. Wang, Gaowang & Zou, Heng-fu, 2014. "Consumption externality and indeterminacy under increasing returns to scale and endogenous capital depreciation," Economic Modelling, Elsevier, vol. 38(C), pages 282-287.
    2. Francesco Busato & Bruno Charini & Enrico Marchetti, 2004. "Indeterminacy, Underground Activities and Tax Evasion," Economics Working Papers 2004-12, Department of Economics and Business Economics, Aarhus University.
    3. Jang-Ting Guo & Kevin J. Lansing, 2008. "Capital-labor substitution, equilibrium indeterminacy, and the cyclical behavior of labor income," Working Paper Series 2008-06, Federal Reserve Bank of San Francisco.
    4. Ludmila Fadejeva & Aleksejs Melihovs, 2010. "Measuring Total Factor Productivity and Variable Factor Utilization," Eastern European Economics, Taylor & Francis Journals, vol. 48(5), pages 63-101, September.
    5. Francesco Busato & Enrico Marchetti, 2006. "Skills, sunspots and cycles," Economics Working Papers 2006-07, Department of Economics and Business Economics, Aarhus University.
    6. Fujisaki, Seiya & Mino, Kazuo, 2009. "Long-Run Impacts of Inflation Tax with Endogenous Capital Depreciation," MPRA Paper 16657, University Library of Munich, Germany.
    7. Chin, Chi-Ting & Guo, Jang-Ting & Lai, Ching-Chong, 2009. "Macroeconomic (in)stability under real interest rate targeting," Journal of Economic Dynamics and Control, Elsevier, vol. 33(9), pages 1631-1638, September.
    8. Jiang, Dou, 2017. "Indeterminacy, capital maintenance expenditures and the business cycle," Economic Modelling, Elsevier, vol. 61(C), pages 432-438.
    9. Guo, Jang-Ting & Lansing, Kevin J., 2009. "Capital-labor substitution and equilibrium indeterminacy," Journal of Economic Dynamics and Control, Elsevier, vol. 33(12), pages 1991-2000, December.
    10. Juin-jen Chang & Chun-chieh Huang & Hsiao-wen Hung, 2011. "Monopoly Power, Increasing Returns to Variety, and Local Indeterminacy," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 14(2), pages 384-388, April.

  25. Jang-Ting Guo, 2004. "Tax Policy Under Keeping Up with the Joneses and Imperfectly Competitive Product Markets," Econometric Society 2004 North American Winter Meetings 17, Econometric Society.

    Cited by:

    1. Shu-Hua Chen, 2012. "On the Growth and Stability Effects of Habit Formation and Durability in Consumption," Annals of Economics and Finance, Society for AEF, vol. 13(2), pages 283-298, November.
    2. Jang-Ting Guo & Juin-Jen Chang, 2008. "Social Status and Optimal Income Taxation," Working Papers 200814, University of California at Riverside, Department of Economics, revised Dec 2008.
    3. Runli Xie, 2009. "Trade-Off Between Consumption Growth and Inequality: Theory and Evidence for Germany," SFB 649 Discussion Papers SFB649DP2009-035, Sonderforschungsbereich 649, Humboldt University, Berlin, Germany.
    4. Alejandro SALAZAR-ADAMS & Nicolás PINEDA-PABLOS, 2010. "Policies for Meeting Future Water Needs in Mexican Cities," EcoMod2010 259600147, EcoMod.
    5. Runli Xie, 2010. "Consumption Growth and Volatility with Consumption Externalities," SFB 649 Discussion Papers SFB649DP2010-057, Sonderforschungsbereich 649, Humboldt University, Berlin, Germany.

  26. Jang-Ting Guo & Kevin J. Lansing, 1999. "Fiscal policy, increasing returns, and endogenous fluctuations," Working Papers in Applied Economic Theory 99-08, Federal Reserve Bank of San Francisco.

    Cited by:

    1. Jang-Ting Guo & Sharon G. Harrison, 2001. "Tax Policy and Stability in a Model with Sector-Specific Externalities," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 4(1), pages 75-89, January.
    2. Gomes, Orlando, 2007. "Externalities in R&D: a route to endogenous fluctuations," MPRA Paper 2850, University Library of Munich, Germany.
    3. Gomes, Orlando, 2007. "Deterministic randomness in a model of finance and growth," MPRA Paper 2888, University Library of Munich, Germany.
    4. Stockman, David R., 2009. "Chaos and sector-specific externalities," Journal of Economic Dynamics and Control, Elsevier, vol. 33(12), pages 2030-2046, December.
    5. Gomes, Orlando, 2007. "On the stability of endogenous growth models: an evaluation of the agents’ response to output fluctuations," MPRA Paper 2891, University Library of Munich, Germany.
    6. Rodolphe dos Santos Ferreira & Frédéric Dufourt, 2013. "On stabilization policy in sunspot-driven oligopolistic economies," Working Papers hal-00789233, HAL.
    7. Gomes, Orlando, 2007. "Time preference and cyclical endogenous growth," MPRA Paper 3282, University Library of Munich, Germany.
    8. Orlando Gomes, 2006. "Routes to chaos in macroeconomic theory," Journal of Economic Studies, Emerald Group Publishing Limited, vol. 33(6), pages 437-468, November.
    9. Gomes, Orlando, 2007. "Nonlinear dynamics in a model of financial development with a risk premium," MPRA Paper 2887, University Library of Munich, Germany.
    10. Gomes, Orlando, 2006. "Entropy in the creation of knowledge: a candidate source of endogenous business cycles," MPRA Paper 2843, University Library of Munich, Germany.
    11. Orlando Gomes, 2007. "Imperfect Demand Expectations and Endogenous Business Cycles," Money Macro and Finance (MMF) Research Group Conference 2006 127, Money Macro and Finance Research Group.
    12. Kazuo Mino, 2017. "Sunspot-Driven Business Cycles: An Overview," KIER Working Papers 973, Kyoto University, Institute of Economic Research.
    13. Gomes, Orlando, 2007. "Socially determined time preference in discrete time," MPRA Paper 3442, University Library of Munich, Germany.
    14. Gokan, Yoichi, 2008. "Alternative government financing and aggregate fluctuations driven by self-fulfilling expectations," Journal of Economic Dynamics and Control, Elsevier, vol. 32(5), pages 1650-1679, May.
    15. Berthold Herrendorf & Akos Valentinyi, "undated". "On the Stability of the Two-Sector Neoclassical Growth Model with Externalities," Working Papers 2167721, Department of Economics, W. P. Carey School of Business, Arizona State University.
    16. Berthold Herrendorf & Akos Valentinyi, 2002. "Neoclassical Growth Model with Externalities," CERS-IE WORKING PAPERS 0203, Institute of Economics, Centre for Economic and Regional Studies.
    17. Gomes, Orlando, 2008. "Too much of a good thing: Endogenous business cycles generated by bounded technological progress," Economic Modelling, Elsevier, vol. 25(5), pages 933-945, September.
    18. Tarek Coury & Yi Wen, 2009. "Global indeterminacy in locally determinate real business cycle models," International Journal of Economic Theory, The International Society for Economic Theory, vol. 5(1), pages 49-60, March.
    19. Vivaldo M. Mendes & Diana A. Mendes, 2006. "Active Interest Rate Rules and the Role of Stabilization Policy R&D Tax Credits," Working Papers Series 1 ercwp0208, ISCTE-IUL, Business Research Unit (BRU-IUL).
    20. Bill Dupor & Andreas Lehnert, 2002. "Increasing returns and optimal oscillating labor supply," Finance and Economics Discussion Series 2002-22, Board of Governors of the Federal Reserve System (U.S.).
    21. W. Diewert & Kevin Fox, 2010. "Malmquist and Törnqvist productivity indexes: returns to scale and technical progress with imperfect competition," Journal of Economics, Springer, vol. 101(1), pages 73-95, September.
    22. Berthold Herrendorf & Akos Valentinyi, 2002. "Determinacy Through Intertemporal Capital Adjustment Costs," CERS-IE WORKING PAPERS 0209, Institute of Economics, Centre for Economic and Regional Studies.
    23. Guo, Jang-Ting & Lansing, Kevin J., 2002. "Fiscal Policy, Increasing Returns, And Endogenous Fluctuations," Macroeconomic Dynamics, Cambridge University Press, vol. 6(5), pages 633-664, November.
    24. Aurelien Saidi, 2009. "Can stabilization policies be efficient?," Economics Working Papers ECO2008/01, European University Institute.
    25. Guo Jang-Ting & Lansing Kevin J, 2003. "Globally-Stabilizing Fiscal Policy Rules," Studies in Nonlinear Dynamics & Econometrics, De Gruyter, vol. 7(2), pages 1-15, July.
    26. Gomes, Orlando, 2006. "Can social interaction contribute to explain business cycles?," MPRA Paper 2848, University Library of Munich, Germany.
    27. Orlando Gomes, 2008. "Decentralized Allocation of Human Capital and Nonlinear Growth," Computational Economics, Springer;Society for Computational Economics, vol. 31(1), pages 45-75, February.
    28. Gomes, Orlando, 2010. "On the Allocation of Credit and Aggregate Fluctuations," Revista Brasileira de Economia - RBE, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil), vol. 64(4), December.
    29. Berthold Herrendorf & Akos Valentinyi, 2003. "Determinacy Through Intertemporal Adjustment Costs," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 6(3), pages 483-497, July.
    30. Chen, Yan & Zhang, Yan, 2008. "Tariff Policy, Increasing Returns and Endogenous Fluctuations," MPRA Paper 10061, University Library of Munich, Germany.
    31. Orlando Gomes, 2008. "Time Preference and Cyclical Endogenous Growth in an AK Growth Model," Notas Económicas, Faculty of Economics, University of Coimbra, issue 28, pages 32-55, December.
    32. David R. Stockman and Brian E. Raines, 2008. "Euler Equation Branching," Working Papers 08-26, University of Delaware, Department of Economics.
    33. Erkki Koskela & Mikko Puhakka, 2003. "Stabilizing Competitive Cycles with Distortionary Taxation," CESifo Working Paper Series 947, CESifo.
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    1. Long, Xin & Pelloni, Alessandra, 2017. "Factor income taxation in a horizontal innovation model," Journal of Public Economics, Elsevier, vol. 154(C), pages 137-159.
    2. Juin‐Jen Chang & Jhy‐Hwa Chen & Jhy‐Yuan Shieh & Ching‐Chong Lai, 2009. "Optimal Tax Policy, Market Imperfections, and Environmental Externalities in a Dynamic Optimizing Macro Model," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 11(4), pages 623-651, August.
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    6. Koop, Michael J., 2001. "Capital Income Taxation of Asymmetric Countries," Kiel Working Papers 1041, Kiel Institute for the World Economy (IfW Kiel).
    7. James B. Davies & Jinli Zeng & Jie Zhang, 2009. "Time-consistent taxation in a dynastic family model with human and physical capital and a balanced government budget," Canadian Journal of Economics, Canadian Economics Association, vol. 42(3), pages 1023-1049, August.
    8. Chen, Been-Lon & Lu, Chia-Hui, 2013. "Optimal factor tax incidence in two-sector human capital-based models," Journal of Public Economics, Elsevier, vol. 97(C), pages 75-94.
    9. Barbara Annicchiarico & Valentina Antonaroli & Alessandra Pelloni, 2022. "Optimal factor taxation in a scale free model of vertical innovation," Economic Inquiry, Western Economic Association International, vol. 60(2), pages 794-830, April.
    10. Javier Coto-Martínez & Carlos Garriga & Fernando Sánchez-Losada, 2007. "Optimal Taxation with Imperfect Competition and Aggregate Returns to Specialization," Journal of the European Economic Association, MIT Press, vol. 5(6), pages 1269-1299, December.
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    35. Orhan Erem Atesagaoglu & Hakki Yazici, 2021. "Optimal Taxation of Capital in the Presence of Declining Labor Share," CESifo Working Paper Series 9101, CESifo.
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    39. Wei Jiang, 2014. "Optimal taxation and labour wedge in models with equilibrium unemployment," Studies in Economics 1407, School of Economics, University of Kent.
    40. Guo, Jang-Ting & Lansing, Kevin J., 2002. "Fiscal Policy, Increasing Returns, And Endogenous Fluctuations," Macroeconomic Dynamics, Cambridge University Press, vol. 6(5), pages 633-664, November.
    41. Roberta, Cardani & Lorenzo, Menna & Patrizio, Tirelli, 2016. "Optimal Public Debt Consolidation with Distributional Conflicts," Working Papers 350, University of Milano-Bicocca, Department of Economics, revised 05 Oct 2016.
    42. Chen Jhy-hwa & Shieh Jhy-yuan & Chang Juin-jen, 2015. "Environmental policy and economic growth: the macroeconomic implications of the health effect," The B.E. Journal of Macroeconomics, De Gruyter, vol. 15(1), pages 1-31, January.
    43. Abo-Zaid Salem, 2014. "Optimal capital-income taxation in a model with credit frictions," The B.E. Journal of Macroeconomics, De Gruyter, vol. 14(1), pages 1-26, January.
    44. Baltasar Manzano & Jesús Ruiz, 2002. "Política Fiscal Óptima: el estado de la Cuestión," Documentos de Trabajo del ICAE 0212, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Instituto Complutense de Análisis Económico.
    45. Arantza Gorostiaga, 2004. "Optimal Fiscal Policy with Rationing in the Labor Market," Economic Working Papers at Centro de Estudios Andaluces E2004/10, Centro de Estudios Andaluces.
    46. George Economides & Apostolis Philippopoulos, 2008. "Growth enhancing policy is the means to sustain the environment," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 11(1), pages 207-219, January.
    47. Salem Abo‐Zaid & Huiying Chen & Ahmed Kamara, 2021. "A fiscal perspective on nominal GDP targeting," Economic Inquiry, Western Economic Association International, vol. 59(4), pages 1641-1660, October.
    48. David M. Arseneau & Sanjay K. Chugh & André Kurmann, 2009. "Asset Value Constraints in Models of Incomplete Factor Taxation," Cahiers de recherche 0949, CIRPEE.
    49. George Economides & Apostolis Philippopoulos, 2020. "On the Provision of Excludable Public Goods - General Taxes or User Prices?," CESifo Working Paper Series 8724, CESifo.
    50. Gersovitz, Mark, 2010. "Taxation of profits when there are profits," Economics Letters, Elsevier, vol. 107(2), pages 145-147, May.
    51. Selim, Sheikh, 2010. "Optimal Tax Policy and Wage Subsidy in an Imperfectly Competitive Economy," Cardiff Economics Working Papers E2010/15, Cardiff University, Cardiff Business School, Economics Section.
    52. George Economides & Jim Malley & Apostolis Philippopoulos & Ulrich Woitek, 2003. "Electoral Uncertainty, Fiscal Policies and Growth: Theory and Evidence from Germany, the UK and the US," Working Papers 2003_16, Business School - Economics, University of Glasgow.
    53. Orhan Erem Atesagaoglu & Hakki Yazici, 2021. "Optimal Taxation of Capital in the Presence of Declining Labor Share," Bristol Economics Discussion Papers 21/739, School of Economics, University of Bristol, UK.
    54. Jang-Ting Guo, 2005. "Tax Policy Under Keeping Up with the Joneses and Imperfect Competition," Annals of Economics and Finance, Society for AEF, vol. 6(1), pages 25-36, May.
    55. Magnus Jonsson, 2007. "The welfare cost of imperfect competition and distortionary taxation," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 10(4), pages 576-594, October.
    56. Maria Ferrara & Patrizio Tirelli, 2014. "Fiscal Consolidations: Can We Reap the Gain and Escape the Pain?," Working Papers 283, University of Milano-Bicocca, Department of Economics, revised Oct 2014.
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    58. Hsiao-wen Hung, 2007. "First-best tax policy, congestion, and imperfect competition," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 54(1), pages 66-79, March.
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    Cited by:

    1. Jang-Ting Guo & Sharon G. Harrison, 2001. "Tax Policy and Stability in a Model with Sector-Specific Externalities," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 4(1), pages 75-89, January.
    2. Strehl, Wolfgang & Engler, Philipp, 2015. "Progressive Taxation and Monetary Policy in a Currency Union," VfS Annual Conference 2015 (Muenster): Economic Development - Theory and Policy 112823, Verein für Socialpolitik / German Economic Association.
    3. Juin-Jen Chang & Jang-Ting Guo & Jhy-Yuan Shieh & Wei-Neng Wang, 2013. "Sectoral Composition of Government Spending and Macroeconomic (In)stability," IEAS Working Paper : academic research 13-A010, Institute of Economics, Academia Sinica, Taipei, Taiwan.
    4. Jang-Ting Guo & Shu-Hua Chen, 2010. "Progressive Taxation and Macroeconomic (In)stability with Productive Government Spending," Working Papers 201006, University of California at Riverside, Department of Economics, revised Aug 2010.
    5. Vasilev, Aleksandar, 2015. "Welfare gains from the adoption of proportional taxation in a general-equilibrium model with a grey economy: the case of Bulgaria's 2008 flat tax reform," EconStor Preprints 144528, ZBW - Leibniz Information Centre for Economics.
    6. Been-Lon Chen & Yu-Shan Hsu & Kazuo Mino, 2013. "Welfare Implications and Equilibrium Indeterminacy in a Two-sector Growth Model with Consumption Externalities," IEAS Working Paper : academic research 13-A008, Institute of Economics, Academia Sinica, Taipei, Taiwan.
    7. Koyuncu, Murat, 2011. "Can progressive taxation account for cross-country variation in labor supply?," Journal of Economic Dynamics and Control, Elsevier, vol. 35(9), pages 1474-1488, September.
    8. Carneiro, Fernando Moraes & Turnovsky, Stephen J. & Tourinho, Octavio Augusto Fontes, 2022. "Economic growth and inequality tradeoffs under progressive taxation," Journal of Economic Dynamics and Control, Elsevier, vol. 143(C).
    9. Jang-Ting Guo & Yan Zhang, 2021. "Balanced-Budget Rules and Macroeconomic Stability with Overlapping Generations," Working Papers 202109, University of California at Riverside, Department of Economics.
    10. Been-Lon Chen & Yunfang Hu & Kazuo Mino, 2018. "Does Nonlinear Taxation Stabilize Small Open Economies?," KIER Working Papers 997, Kyoto University, Institute of Economic Research.
    11. Maravalle, Alessandro & Claeys, Peter, 2012. "Boom–bust cycles and procyclical fiscal policy in a small open economy," Journal of Policy Modeling, Elsevier, vol. 34(5), pages 735-754.
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    13. Xue, Jianpo & Yip, Chong K., 2018. "Home production, balanced-budget taxation and economic (in)stability," Journal of Macroeconomics, Elsevier, vol. 56(C), pages 231-242.
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    15. Kazuo Mino & Yasuhiro Nakamoto, 2009. "Consumption Externalities and Wealth Distribution in a Neoclassical Growth Model," KIER Working Papers 683, Kyoto University, Institute of Economic Research.
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    18. Kazuo Mino & Yasuhiro Nakamoto, 2008. "Progressive Taxation, Wealth Distribution, and Macroeconomic Stability," Discussion Papers in Economics and Business 08-22, Osaka University, Graduate School of Economics.
    19. Devriendt, Willem & Heylen, Freddy, 2020. "Macroeconomic and distributional effects of demographic change in an open economy—the case of Belgium," Journal of Demographic Economics, Cambridge University Press, vol. 86(1), pages 87-124, March.
    20. Fujisaki, Seiya, 2017. "Equilibrium Determinacy in a Two-Tax System with Utility from Government Expenditure," MPRA Paper 81214, University Library of Munich, Germany.
    21. Brecht Boone & Freddy Heylen, 2015. "Cross-country differences in unemployment: fiscal policy,unions and household preferences in general equilibrium," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 15/899, Ghent University, Faculty of Economics and Business Administration.
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    23. Arthur Jacobs & Freddy Heylen, 2021. "Demographic change, secular stagnation and inequality: automation as a blessing?," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 21/1030, Ghent University, Faculty of Economics and Business Administration.
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    30. Abad, Nicolas & Lloyd-Braga, Teresa & Modesto, Leonor, 2020. "The failure of stabilization policy: Balanced-budget fiscal rules in the presence of incompressible public expenditures," Journal of Economic Dynamics and Control, Elsevier, vol. 120(C).
    31. Francesco Busato & Bruno Charini & Enrico Marchetti, 2004. "Indeterminacy, Underground Activities and Tax Evasion," Economics Working Papers 2004-12, Department of Economics and Business Economics, Aarhus University.
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    33. Malley, Jim & Philippopoulos, Apostolis & Woitek, Ulrich, 2009. "To react or not? Technology shocks, fiscal policy and welfare in the EU-3," European Economic Review, Elsevier, vol. 53(6), pages 689-714, August.
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    37. Chen, Been-Lon & Hu, Yunfang & Mino, Kazuo, 2019. "Income Taxation Rules and Stability of a Small Open Economy," MPRA Paper 98098, University Library of Munich, Germany.
    38. Marta Aloi & Hans Jorgen Jacobsen & Teresa Lloyd-Braga, 1998. "Endogenous Business Cycles and Stabilization Policies," Discussion Papers 00-06, University of Copenhagen. Department of Economics, revised Mar 2000.
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    40. Chen, Shu-Hua, 2020. "Inequality-growth nexus under progressive income taxation," Journal of Macroeconomics, Elsevier, vol. 65(C).
    41. Weder, Mark, 2006. "Taylor Rules and Macroeconomic Instability or How the Central Bank Can Preempt Sunspot Expectations," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 38(3), pages 655-677, April.
    42. Wenli Li & Pierre-Daniel G. Sarte, 2001. "Growth Effects of Progressive Taxation," Finance and Economics Discussion Series 2002-03, Board of Governors of the Federal Reserve System (U.S.).
    43. Strehl, Wolfgang, 2019. "Revisiting the progressive consumption tax: A business cycle perspective," Discussion Papers 2019/13, Free University Berlin, School of Business & Economics.
    44. Thomas Seegmuller, 2005. "Steady state analysis and endogenous fluctuations in a finance constrained model," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00194358, HAL.
    45. Chen, Shu-Hua, 2019. "On economic growth and automatic stabilizers under linearly progressive income taxation," Journal of Macroeconomics, Elsevier, vol. 60(C), pages 378-395.
    46. Nishimura, Kazuo & Seegmuller, Thomas & Venditti, Alain, 2015. "Fiscal policy, debt constraint and expectations-driven volatility," Journal of Mathematical Economics, Elsevier, vol. 61(C), pages 305-316.
    47. Teresa Lloyd-Braga & Leonor Modesto & Thomas Seegmuller, 2014. "Market distortions and local indeterminacy: A general approach," Post-Print hal-01474272, HAL.
    48. Jim Malley & Apostolis Philippopoulos & Ulrich Woitek, 2007. "To React or Not? Fiscal Policy, Volatility and Welfare in the EU-3," Working Papers 2007_02, Business School - Economics, University of Glasgow.
    49. Toshiki Tamai, 2006. "Fiscal Policy and Adjustment Costs of Private Investment in an Endogenous Growth Model with Public Capital," FinanzArchiv: Public Finance Analysis, Mohr Siebeck, Tübingen, vol. 62(4), pages 455-470, December.
    50. Mark Weder, 2004. "Taylor Rules: intercepting expectations," Money Macro and Finance (MMF) Research Group Conference 2003 110, Money Macro and Finance Research Group.
    51. Ismael, Mohanad, 2011. "Progressive income taxes and macroeconomic instability," MPRA Paper 49917, University Library of Munich, Germany.
    52. Abad, Nicolas & Seegmuller, Thomas & Venditti, Alain, 2017. "Nonseparable Preferences Do Not Rule Out Aggregate Instability Under Balanced-Budget Rules: A Note," Macroeconomic Dynamics, Cambridge University Press, vol. 21(1), pages 259-277, January.
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    57. Fabrizio Mattesini & Lorenza Rossi, 2010. "Monetary Policy and Automatic Stabilizers: the Role of Progressive Taxation," Quaderni di Dipartimento 134, University of Pavia, Department of Economics and Quantitative Methods.
    58. al-Nowaihi, Ali & Stracca, Livio, 2005. "Keeping up with the Joneses, reference dependence, and equilibrium indeterminacy," Working Paper Series 444, European Central Bank.
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    1. Mayer-Foulkes David A, 2010. "Long-Term Fundamentals of the 2008 Economic Crisis," Global Economy Journal, De Gruyter, vol. 9(4), pages 1-25, January.
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  30. Jang-Ting Guo & Kevin J. Lansing, 1994. "Tax structure, welfare, and the stability of equilibrium in a model of dynamic optimal fiscal policy," Working Papers (Old Series) 9410, Federal Reserve Bank of Cleveland.

    Cited by:

    1. Jang-Ting Guo & Kevin J. Lansing, 1994. "The welfare effects of tax simplification: a general-equilibrium analysis," Working Papers (Old Series) 9409, Federal Reserve Bank of Cleveland.

  31. Jang-Ting Guo & Kevin J. Lansing, 1994. "The welfare effects of tax simplification: a general-equilibrium analysis," Working Papers (Old Series) 9409, Federal Reserve Bank of Cleveland.

    Cited by:

    1. Jang-Ting Guo & Kevin J. Lansing, 1994. "Tax structure, optimal fiscal policy, and the business cycle," Economic Review, Federal Reserve Bank of Cleveland, vol. 30(Q IV), pages 2-14.
    2. Jang-Ting Guo & Kevin J. Lansing, 1994. "Tax structure, welfare, and the stability of equilibrium in a model of dynamic optimal fiscal policy," Working Papers (Old Series) 9410, Federal Reserve Bank of Cleveland.

  32. Roger E.A. Farmer, 1994. "The Econometrics of Indeterminacy: An Applied Study," UCLA Economics Working Papers 720, UCLA Department of Economics.

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    1. Victor Aguirregabiria & Pedro Mira, 2013. "Identification of Games of Incomplete Information with Multiple Equilibria and Common Unobserved Heterogeneity," Working Papers tecipa-474, University of Toronto, Department of Economics.
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    4. Thomas A. Lubik & Frank Schorfheide, 2004. "Testing for Indeterminacy: An Application to U.S. Monetary Policy," American Economic Review, American Economic Association, vol. 94(1), pages 190-217, March.
    5. Bill Dupor, 2005. "Keynesian Conundrum: Multiplicity and Time Consistent Stabilization," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 8(1), pages 154-177, January.
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    7. Giorgio Topa & Elizabeth Setren & Meta Brown, 2011. "Do Referrals Lead to Better Matches? Evidence from a Firm's Employee," 2011 Meeting Papers 711, Society for Economic Dynamics.
    8. Beyer, Andreas & Farmer, Roger E. A., 2004. "On the indeterminacy of new-Keynesian economics," Working Paper Series 323, European Central Bank.
    9. Meng, Qinglai, 2006. "Impatience and equilibrium indeterminacy," Journal of Economic Dynamics and Control, Elsevier, vol. 30(12), pages 2671-2692, December.
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  33. Roger E.A. Farmer & Jang Ting Guo, 1992. "Real Business Cycles and the Animal Spirits Hypothesis," UCLA Economics Working Papers 680, UCLA Department of Economics.

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    1. Busato, Francesco & Marchetti, Enrico, 2010. "Endogenous skill cycles," Research in Economics, Elsevier, vol. 64(3), pages 175-185, September.
    2. Chen, Been-Lon & Hsu, Mei, 2007. "Admiration is a source of indeterminacy," Economics Letters, Elsevier, vol. 95(1), pages 96-103, April.
    3. Krebs, Tom, 1997. "Statistical Equilibrium in One-Step Forward Looking Economic Models," Journal of Economic Theory, Elsevier, vol. 73(2), pages 365-394, April.
    4. Harrison, Sharon G. & Weder, Mark, 2002. "Tracing externalities as sources of indeterminacy," Journal of Economic Dynamics and Control, Elsevier, vol. 26(5), pages 851-867, May.
    5. Jang-Ting Guo & Sharon G. Harrison, 2001. "Tax Policy and Stability in a Model with Sector-Specific Externalities," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 4(1), pages 75-89, January.
    6. Adler, Gustavo & Lizarazo, Sandra, 2015. "Intertwined sovereign and bank solvencies in a simple model of self-fulfilling crisis," International Review of Economics & Finance, Elsevier, vol. 39(C), pages 428-448.
    7. Kevin X.D. Huang & Qinglai Meng, 2014. "Returns to Scale, Market Power, and the Nature of Price Rigidity in New Keynesian Models with Self‐Fulfilling Expectations," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 46(2-3), pages 293-320, March.
    8. Williamson, Stephen D., 1996. "Real business cycle research comes of age: A review essay," Journal of Monetary Economics, Elsevier, vol. 38(1), pages 161-170, August.
    9. Paul De Grauwe, 2008. "Animal Spirits and Monetary Policy," CESifo Working Paper Series 2418, CESifo.
    10. Guo, Jang-Ting & Lansing, Kevin J., 1998. "Indeterminacy and Stabilization Policy," Journal of Economic Theory, Elsevier, vol. 82(2), pages 481-490, October.
    11. Fernández, Esther & Pérez, Rafaela & Ruiz, Jesús, 2012. "The environmental Kuznets curve and equilibrium indeterminacy," Journal of Economic Dynamics and Control, Elsevier, vol. 36(11), pages 1700-1717.
    12. Evans, George W. & McGough, Bruce, 2003. "Monetary policy, indeterminacy and learning," CFS Working Paper Series 2003/37, Center for Financial Studies (CFS).
    13. Bosi, Stefano & Magris, Francesco, 2003. "Indeterminacy and endogenous fluctuations with arbitrarily small liquidity constraint," Research in Economics, Elsevier, vol. 57(1), pages 39-51, March.
    14. Maxime Menuet & Alexandru Minea & Patrick Villieu, 2019. "The Peril of Fiscal Rules," Post-Print hal-02314996, HAL.
    15. Pengfei Wang & Yi Wen, 2007. "Incomplete information and self-fulfilling prophecies," Working Papers 2007-033, Federal Reserve Bank of St. Louis.
    16. Thomas A. Lubik & Frank Schorfheide, 2004. "Testing for Indeterminacy: An Application to U.S. Monetary Policy," American Economic Review, American Economic Association, vol. 94(1), pages 190-217, March.
    17. Stefano Bosi & Francesco Magris, 1999. "Liquidity Constraint, Increasing Returns and Endogenous Fluctuations," Documents de recherche 99-01, Centre d'Études des Politiques Économiques (EPEE), Université d'Evry Val d'Essonne.
    18. Been-Lon Chen & Yu-Shan Hsu & Kazuo Mino, 2013. "Welfare Implications and Equilibrium Indeterminacy in a Two-sector Growth Model with Consumption Externalities," IEAS Working Paper : academic research 13-A008, Institute of Economics, Academia Sinica, Taipei, Taiwan.
    19. Cho, Seonghoon & Moreno, Antonio, 2011. "The forward method as a solution refinement in rational expectations models," Journal of Economic Dynamics and Control, Elsevier, vol. 35(3), pages 257-272, March.
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    24. Daniel Ryan, 2000. "Fluctuations in productivity growth rates and input utilization in U.S. manufacturing," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 28(2), pages 150-163, June.
    25. Giovanni Nicolo, 2020. "Monetary Policy, Self-Fulfilling Expectations and the U.S. Business Cycle," Finance and Economics Discussion Series 2020-035, Board of Governors of the Federal Reserve System (U.S.).
    26. Nir Jaimovich, 2007. "Firm Dynamics and Markup Variations: Implications for Sunspot Equilibria and Endogenous Economic Fluctuation," Discussion Papers 07-011, Stanford Institute for Economic Policy Research.
    27. Indrajit, Mallick, 2008. "Finance in the Theory of Business Cycles," MPRA Paper 15472, University Library of Munich, Germany.
    28. Shea, Paul, 2015. "Red herrings and revelations: does learning about a new variable worsen forecasts?," Economic Modelling, Elsevier, vol. 49(C), pages 395-406.
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  34. Jang-Ting Guo & Alan Krause, "undated". "Dynamic Nonlinear Income Taxation with Quasi-Hyperbolic Discounting and No Commitment," Discussion Papers 11/16, Department of Economics, University of York.

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    7. Guo, Jang-Ting & Krause, Alan, 2015. "Dynamic income taxation without commitment: Comparing alternative tax systems," Economic Modelling, Elsevier, vol. 47(C), pages 319-326.
    8. Shigeta, Yuki, 2022. "Quasi-hyperbolic discounting under recursive utility and consumption–investment decisions," Journal of Economic Theory, Elsevier, vol. 204(C).
    9. Aronsson, Thomas & Sjögren, Tomas, 2018. "Optimal Taxation, Redistribution, and Environmental Externalities," International Review of Environmental and Resource Economics, now publishers, vol. 11(3), pages 233-308, August.
    10. Jang-Ting Guo & Alan Krause, 2017. "The Credibility of Commitment and Optimal Nonlinear Savings Taxation," Working Papers 201708, University of California at Riverside, Department of Economics.
    11. Barnett, Richard C. & Bhattacharya, Joydeep & Bunzel, Helle, 2018. "The Fight-or-Flight Response to the Joneses and Income Inequality," ISU General Staff Papers 201812120800001060, Iowa State University, Department of Economics.
    12. Kang, Minwook & Kim, Eungsik, 2023. "A government policy with time-inconsistent consumers," Journal of Economic Behavior & Organization, Elsevier, vol. 214(C), pages 44-67.
    13. Bethencourt, Carlos & Kunze, Lars, 2016. "Temptation and the efficient taxation of education and labor," MPRA Paper 75141, University Library of Munich, Germany.
    14. Minwook Kang & Lei Sandy Ye, 2021. "Can Optimism be a Remedy for Present Bias?," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 53(1), pages 201-231, February.
    15. Kang, Minwook, 2020. "Demand deposit contracts and bank runs with present biased preferences," Journal of Banking & Finance, Elsevier, vol. 119(C).
    16. Kim, Eungsik & Lee, Donghyun, 2023. "The macroeconomic implications of deficit financing under present bias," Economics Letters, Elsevier, vol. 230(C).
    17. Arvaniti, Maria & Sjögren, Tomas, 2023. "Temptation in consumption and optimal taxation," Journal of Economic Behavior & Organization, Elsevier, vol. 205(C), pages 687-707.
    18. Minwook Kang, 2015. "Welfare criteria for quasi-hyperbolic time preferences," Economics Bulletin, AccessEcon, vol. 35(4), pages 2506-2511.
    19. Shigeo Morita & Takuya Obara, 2021. "Public investment criteria under optimal nonlinear income taxation without commitment," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 23(4), pages 732-745, August.

Articles

  1. Guo, Jang-Ting & Hung, Fu-Sheng, 2020. "Tax evasion and financial development under asymmetric information in credit markets," Journal of Development Economics, Elsevier, vol. 145(C).
    See citations under working paper version above.
  2. Guo, Jang-Ting & Izumi, Yutaro & Tsai, Yi-Chan, 2019. "Resource misallocation and aggregate productivity under progressive taxation," Journal of Macroeconomics, Elsevier, vol. 60(C), pages 123-137.
    See citations under working paper version above.
  3. Shu-Hua Chen & Jang-Ting Guo, 2019. "Progressive taxation as an automatic destabilizer under endogenous growth," Journal of Economics, Springer, vol. 127(1), pages 47-71, June.
    See citations under working paper version above.
  4. Juin‐Jen Chang & Jang‐Ting Guo & Jhy‐Yuan Shieh & Wei‐Neng Wang, 2019. "Sectoral composition of government spending, distortionary income taxation, and macroeconomic (in)stability," International Journal of Economic Theory, The International Society for Economic Theory, vol. 15(1), pages 95-107, March.
    See citations under working paper version above.
  5. Jang-Ting Guo & Alan Krause, 2018. "Changing social preferences and optimal redistributive taxation," Oxford Economic Papers, Oxford University Press, vol. 70(1), pages 73-92.
    See citations under working paper version above.
  6. Shu‐Hua Chen & Jang‐Ting Guo, 2018. "On Indeterminacy and Growth under Progressive Taxation and Utility‐Generating Government Spending," Pacific Economic Review, Wiley Blackwell, vol. 23(3), pages 533-543, August.
    See citations under working paper version above.
  7. Shu-Hua Chen & Jang-Ting Guo, 2016. "Progressive Taxation, Endogenous Growth, And Macroeconomic (In)Stability," Bulletin of Economic Research, Wiley Blackwell, vol. 68(S1), pages 20-27, December.
    See citations under working paper version above.
  8. Jang-Ting Guo & Sharon G. Harrison, 2015. "Indeterminacy with Progressive Taxation and Sector-Specific Externalities," Pacific Economic Review, Wiley Blackwell, vol. 20(2), pages 268-281, May.
    See citations under working paper version above.
  9. Juin‐Jen Chang & Jang‐Ting Guo & Jhy‐Yuan Shieh & Wei‐Neng Wang, 2015. "Sectoral Composition Of Government Spending And Macroeconomic (In)Stability," Economic Inquiry, Western Economic Association International, vol. 53(1), pages 23-33, January.
    See citations under working paper version above.
  10. Guo, Jang-Ting & Krause, Alan, 2015. "Dynamic nonlinear income taxation with quasi-hyperbolic discounting and no commitment," Journal of Economic Behavior & Organization, Elsevier, vol. 109(C), pages 101-119.
    See citations under working paper version above.
  11. Guo, Jang-Ting & Krause, Alan, 2015. "Dynamic income taxation without commitment: Comparing alternative tax systems," Economic Modelling, Elsevier, vol. 47(C), pages 319-326.
    See citations under working paper version above.
  12. Guo, Jang-Ting & Sirbu, Anca-Ioana & Weder, Mark, 2015. "News about aggregate demand and the business cycle," Journal of Monetary Economics, Elsevier, vol. 72(C), pages 83-96.
    See citations under working paper version above.
  13. Chen, Shu-Hua & Guo, Jang-Ting, 2014. "Progressive taxation and macroeconomic (in)stability with utility-generating government spending," Journal of Macroeconomics, Elsevier, vol. 42(C), pages 174-183.
    See citations under working paper version above.
  14. Guo, Jang-Ting & Krause, Alan, 2014. "Optimal Dynamic Nonlinear Income Taxation Under Loose Commitment," Macroeconomic Dynamics, Cambridge University Press, vol. 18(6), pages 1403-1427, September.
    See citations under working paper version above.
  15. Jang-Ting Guo & Alan Krause, 2013. "Optimal nonlinear taxation of income and education expenditures," Oxford Economic Papers, Oxford University Press, vol. 65(1), pages 74-95, January.
    See citations under working paper version above.
  16. Shu‐Hua Chen & Jang‐Ting Guo, 2013. "On indeterminacy and growth under progressive taxation and productive government spending," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 46(3), pages 865-880, August.

    Cited by:

    1. Tilemahos Efthimiadis & Panagiotis Tsintzos, 2023. "From Debt to Green Growth: A Policy Proposal," Sustainability, MDPI, vol. 15(4), pages 1-14, February.
    2. Chen, Shu-Hua, 2019. "On economic growth and automatic stabilizers under linearly progressive income taxation," Journal of Macroeconomics, Elsevier, vol. 60(C), pages 378-395.
    3. Shu‐Hua Chen & Jang‐Ting Guo, 2018. "On Indeterminacy and Growth under Progressive Taxation and Utility‐Generating Government Spending," Pacific Economic Review, Wiley Blackwell, vol. 23(3), pages 533-543, August.
    4. Shu-Hua Chen & Jang-Ting Guo, 2016. "Progressive Taxation, Endogenous Growth, And Macroeconomic (In)Stability," Bulletin of Economic Research, Wiley Blackwell, vol. 68(S1), pages 20-27, December.
    5. Chen, Shu-Hua & Guo, Jang-Ting, 2014. "Progressive taxation and macroeconomic (in)stability with utility-generating government spending," Journal of Macroeconomics, Elsevier, vol. 42(C), pages 174-183.
    6. Jang-Ting Guo & Shu-Hua Chen, 2015. "Progressive Taxation as an Automatic Destabilizer under Endogenous Growth," Working Papers 201510, University of California at Riverside, Department of Economics.

  17. Chen, Shu-Hua & Guo, Jang-Ting, 2013. "Progressive taxation and macroeconomic (In) stability with productive government spending," Journal of Economic Dynamics and Control, Elsevier, vol. 37(5), pages 951-963.
    See citations under working paper version above.
  18. Chin, Chi-Ting & Guo, Jang-Ting & Lai, Ching-Chong, 2012. "A Note On Indeterminacy And Investment Adjustment Costs In An Endogenously Growing Small Open Economy," Macroeconomic Dynamics, Cambridge University Press, vol. 16(S3), pages 438-450, November.

    Cited by:

    1. Been-Lon Chen & Yunfang Hu & Kazuo Mino, 2018. "Does Nonlinear Taxation Stabilize Small Open Economies?," KIER Working Papers 997, Kyoto University, Institute of Economic Research.
    2. Chen, Shu-Hua, 2015. "Macroeconomic (In)Stability Of Interest Rate Rules In A Model With Banking System And Reserve Markets," Macroeconomic Dynamics, Cambridge University Press, vol. 19(7), pages 1476-1508, October.
    3. He, Zhaochen, 2019. "Fear itself: How risk sensitive firms can give demand shocks bite," Economic Modelling, Elsevier, vol. 82(C), pages 437-452.
    4. Been-Lon Chen & Yunfang Hu & Kazuo Mino, 2016. "Stabilization Effects of Taxation Rules in Small-Open Economies with Endogenous Growth," KIER Working Papers 946, Kyoto University, Institute of Economic Research.

  19. Juin-Jen Chang & Jang-Ting Guo, 2012. "First-Best Fiscal Policy With Social Status," The Japanese Economic Review, Japanese Economic Association, vol. 63(4), pages 546-556, December.

    Cited by:

    1. Juin‐Jen Chang & Hsieh‐Yu Lin & Jhy‐Yuan Shieh, 2021. "Optimal monetary and fiscal policy with social status seeking and liquidity constraints," International Journal of Economic Theory, The International Society for Economic Theory, vol. 17(2), pages 151-168, June.

  20. Jang-Ting Guo & Anca-Ioana Sirbu & Richard M.H. Suen, 2012. "On expectations-driven business cycles in economies with production externalities: A comment," International Journal of Economic Theory, The International Society for Economic Theory, vol. 8(3), pages 313-319, September.
    See citations under working paper version above.
  21. Hung‐Ju Chen & Jang‐Ting Guo, 2011. "Money, Social Status And Endogenous Growth In A Generalized Cash‐In‐Advance Model," Pacific Economic Review, Wiley Blackwell, vol. 16(3), pages 267-284, August.

    Cited by:

    1. Yanagihara, Mitsuyoshi & Lu, Chen, 2013. "Cash-in-advance constraint, optimal monetary policy, and human capital accumulation," Research in Economics, Elsevier, vol. 67(3), pages 278-288.
    2. Zhang, Wei-Bin, 2019. "Global Business Cycles in a Neoclassical Growth Model with Spirits of Capitalism," Bulletin of Economic Theory and Analysis, BETA Journals, vol. 4(1), pages 13-33, June.
    3. Seiya Fujisaki, 2012. "Optimal fiscal policy with social status and productive government expenditure," Economics Bulletin, AccessEcon, vol. 32(1), pages 960-968.
    4. Chen, Hung-Ju, 2011. "Social Status, Human Capital Formation and the Long-run Effects of Money," MPRA Paper 30253, University Library of Munich, Germany.
    5. Hsiu-Yun Lee & Yu-Lin Wang & Wen-Ya Chang, 2013. "Can growth-enhanced monetary policy improve welfare when people seek social status?," Journal of Economics, Springer, vol. 110(3), pages 257-272, November.
    6. Wei-Bin Zhang, 2020. "Economic Growth with Social Status, Spirit of Capitalism, and Conspicuous Consumption," Shanlax International Journal of Economics, Shanlax Journals, vol. 9(1), pages 1-10, December.
    7. Fujisaki, Seiya, 2016. "Macroeconomic Effect of Consumption Tax on ”Dynamic” and ”Myopic” Agents," MPRA Paper 73500, University Library of Munich, Germany.
    8. Kawagishi, Taketo & Kaminoyama, Ken-ichi, 2014. "Cash-in-advance constraint with status and endogenous growth," MPRA Paper 55946, University Library of Munich, Germany.

  22. Jang‐Ting Guo & Alan Krause, 2011. "Optimal Nonlinear Income Taxation with Habit Formation," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 13(3), pages 463-480, June.
    See citations under working paper version above.
  23. Guo, Jang-Ting & Harrison, Sharon G., 2010. "Indeterminacy with no-income-effect preferences and sector-specific externalities," Journal of Economic Theory, Elsevier, vol. 145(1), pages 287-300, January.
    See citations under working paper version above.
  24. Dustin Chambers & Jang-Ting Guo, 2009. "Natural Resources and Economic Growth: Some Theory and Evidence," Annals of Economics and Finance, Society for AEF, vol. 10(2), pages 367-389, November.

    Cited by:

    1. Tony Addison & Amadou Boly & Anthony Mveyange, 2016. "Mining and economic development: Did China's WTO accession affect African local economic development?," WIDER Working Paper Series wp-2016-141, World Institute for Development Economic Research (UNU-WIDER).
    2. Raul Barreto, 2015. "Fossil fuels, alternative energy and economic growth," EcoMod2015 8372, EcoMod.
    3. Frey, Daniel & Frey, Miriam & Wieslhuber, Carmen, 2013. "Do natural resources define convergence clubs? Empirical evidence from the Kazakh regions," Economic Systems, Elsevier, vol. 37(3), pages 404-414.
    4. Ndzembanteh Aboubakary Nulambeh & Kadir Yasin Eryiğit, 2022. "Exploring the energy-environment growth nexus in francophone Africa in presence of institutions," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 24(8), pages 10069-10087, August.
    5. Teng, Yin-Pei, 2023. "Natural resources extraction and sustainable development: Linear and non-linear resources curse hypothesis perspective for high income countries," Resources Policy, Elsevier, vol. 83(C).
    6. Dustin Chambers & Susan Hamer, 2012. "Culture And Growth: Some Empirical Evidence," Bulletin of Economic Research, Wiley Blackwell, vol. 64(4), pages 549-564, October.
    7. Wang, Chan, 2012. "A very preliminary survey on growth and development," MPRA Paper 39037, University Library of Munich, Germany.
    8. Akram, Vaseem & Ali, Jabir, 2022. "Do countries converge in natural resources rents? Evidence from club convergence analysis," Resources Policy, Elsevier, vol. 77(C).
    9. TOGBENU, Fo-kossi Edem & Kadanga, Mayo Takémsi Norris, 2024. "Un réexamen de l’effet de seuil de la dette publique sur la croissance économique en Afrique subsaharienne [A reevaluation of the threshold effect of public debt on economic growth in Sub-Saharan A," MPRA Paper 120429, University Library of Munich, Germany.
    10. Nasiru Inuwa & Sagir Adamu & Mohammed Bello Sani & Abubakar Muhammad Saidu, 2022. "Resource Curse Hypothesis in GCC Member Countries: Evidence from Seemingly Unrelated Regression," Biophysical Economics and Resource Quality, Springer, vol. 7(4), pages 1-10, December.

  25. Guo, Jang-Ting & Lansing, Kevin J., 2009. "Capital-labor substitution and equilibrium indeterminacy," Journal of Economic Dynamics and Control, Elsevier, vol. 33(12), pages 1991-2000, December.

    Cited by:

    1. Xue, Jianpo & Yip, Chong K., 2012. "Factor Substitution And Economic Growth: A Unified Approach," Macroeconomic Dynamics, Cambridge University Press, vol. 16(4), pages 625-656, September.
    2. Maxime Menuet & Alexandru Minea & Patrick Villieu, 2019. "The Peril of Fiscal Rules," Post-Print hal-02314996, HAL.
    3. Jang-Ting Guo & Yan Zhang, 2021. "Balanced-Budget Rules and Macroeconomic Stability with Overlapping Generations," Working Papers 202109, University of California at Riverside, Department of Economics.
    4. Magris, Francesco, 2012. "Indeterminacy and multiple steady states with sector-specific externalities," Economic Modelling, Elsevier, vol. 29(6), pages 2664-2672.
    5. Hippolyte d'Albis & Emmanuelle Augeraud-Véron & Alain Venditti, 2009. "Business cycle fluctuations and learning-by-doing externalities in a one-sector model," Working Papers halshs-00432267, HAL.
    6. Sueyoshi, Toshiyuki & Yuan, Yan, 2016. "Marginal Rate of Transformation and Rate of Substitution measured by DEA environmental assessment: Comparison among European and North American nations," Energy Economics, Elsevier, vol. 56(C), pages 270-287.
    7. Matteo Ghilardi & Raffaele Rossi, 2014. "Aggregate Stability and Balanced-Budget Rules," IMF Working Papers 2014/023, International Monetary Fund.
    8. Olivier Cardi & Romain Restout, 2023. "Why Hours Worked Decline Less after Technology Shocks?Â," Working Papers 396800288, Lancaster University Management School, Economics Department.
    9. Rainer Klump & Peter McAdam & Alpo Willman, 2012. "The Normalized Ces Production Function: Theory And Empirics," Journal of Economic Surveys, Wiley Blackwell, vol. 26(5), pages 769-799, December.
    10. Nishimura, Kazuo & Seegmuller, Thomas & Venditti, Alain, 2015. "Fiscal policy, debt constraint and expectations-driven volatility," Journal of Mathematical Economics, Elsevier, vol. 61(C), pages 305-316.
    11. Nishimura, Kazuo & Venditti, Alain, 2010. "Indeterminacy and expectation-driven fluctuations with non-separable preferences," Mathematical Social Sciences, Elsevier, vol. 60(1), pages 46-56, July.
    12. Cantore, Cristiano & Levine, Paul, 2011. "Getting Normalization Right: Dealing with ‘Dimensional Constants’ in Macroeconomics," Dynare Working Papers 9, CEPREMAP.
    13. Jakub Growiec & Peter McAdam & Jakub Mućk, 2021. "On the Optimal Labor Income Share," International Journal of Central Banking, International Journal of Central Banking, vol. 17(70), pages 1-52, October.
    14. Luciano BOGGIO & Vincenzo DALL’AGLIO & Marco MAGNANI, 2010. "On Labour Shares in Recent Decades: A Survey," Rivista Internazionale di Scienze Sociali, Vita e Pensiero, Pubblicazioni dell'Universita' Cattolica del Sacro Cuore, vol. 118(3), pages 283-333.
    15. Manuel Gómez, 2014. "Optimal size of the government: the role of the elasticity of substitution," Journal of Economics, Springer, vol. 111(1), pages 29-53, February.
    16. Carine Nourry & Thomas Seegmuller & Alain Venditti, 2013. "Aggregate instability under balanced-budget consumption taxes: A re-examination," Post-Print hal-01500883, HAL.
    17. Fabien Tripier, 2009. "Elasticity of factor substitution and the rise in labor's share of income during the Great Depression," Working Papers hal-00419343, HAL.
    18. Maxime Menuet & Alexandru Minea & Patrick Villieu, 2019. "Budget Rules, Distortionnary Taxes, and Aggregate Instability: A reappraisal," Working Papers hal-02153856, HAL.
    19. Jianpo Xue & Chong K. Yip, 2015. "Balanced-Budget Rules, Elasticity of Substitution, and Macroeconomic (In)Stability," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 17(2), pages 196-218, April.
    20. Jang-Ting Guo & Yan Zhang, 2021. "Tax Policy and Aggregate Stability in an Overlapping Generations Model," Working Papers 202112, University of California at Riverside, Department of Economics.

  26. Hung‐Ju Chen & Jang‐Ting Guo, 2009. "Social Status And The Growth Effect Of Money," The Japanese Economic Review, Japanese Economic Association, vol. 60(1), pages 133-141, March.

    Cited by:

    1. Richard M. H. Suen, 2012. "Time Preference and the Distribution of Wealth and Income," Working papers 2012-01, University of Connecticut, Department of Economics.
    2. Yanagihara, Mitsuyoshi & Lu, Chen, 2013. "Cash-in-advance constraint, optimal monetary policy, and human capital accumulation," Research in Economics, Elsevier, vol. 67(3), pages 278-288.
    3. Hung‐Ju Chen, 2018. "Innovation, FDI, and the long‐run effects of monetary policy," Review of International Economics, Wiley Blackwell, vol. 26(5), pages 1101-1129, November.
    4. Jang-Ting Guo & Juin-Jen Chang, 2008. "Social Status and Optimal Income Taxation," Working Papers 200814, University of California at Riverside, Department of Economics, revised Dec 2008.
    5. Chen, Hung- Ju, 2011. "Social status, human capital formation and super-neutrality in a two-sector monetary economy," Economic Modelling, Elsevier, vol. 28(3), pages 785-794, May.
    6. Hung-Ju Chen & Jang-Ting Guo, 2009. "Money and Endogenous Growth in a Cash-in-Advance Model with Social Status," Working Papers 200906, University of California at Riverside, Department of Economics, revised Jun 2009.
    7. Chen, Hung-Ju, 2011. "Social Status, Human Capital Formation and the Long-run Effects of Money," MPRA Paper 30253, University Library of Munich, Germany.
    8. Chen, Hung-Ju, 2011. "Social status and long-run effects of monetary policy in a two-sector monetary economy of endogenous growth," Mathematical Social Sciences, Elsevier, vol. 61(1), pages 71-79, January.
    9. Hsiu-Yun Lee & Yu-Lin Wang & Wen-Ya Chang, 2013. "Can growth-enhanced monetary policy improve welfare when people seek social status?," Journal of Economics, Springer, vol. 110(3), pages 257-272, November.
    10. Wei-Bin Zhang, 2020. "Economic Growth with Social Status, Spirit of Capitalism, and Conspicuous Consumption," Shanlax International Journal of Economics, Shanlax Journals, vol. 9(1), pages 1-10, December.
    11. Hung-Ju Chen & Dongpeng Liu & Xiangbo Liu, 2018. "Social Status, Labour Market Frictions and Endogenous Growth," The Japanese Economic Review, Springer, vol. 69(2), pages 226-250, June.
    12. Kawagishi, Taketo & Kaminoyama, Ken-ichi, 2014. "Cash-in-advance constraint with status and endogenous growth," MPRA Paper 55946, University Library of Munich, Germany.

  27. Chin, Chi-Ting & Guo, Jang-Ting & Lai, Ching-Chong, 2009. "Macroeconomic (in)stability under real interest rate targeting," Journal of Economic Dynamics and Control, Elsevier, vol. 33(9), pages 1631-1638, September.

    Cited by:

    1. Theodore Palivos & Nikos Tsakiris, 2009. "Trade and Tax Reforms in a Cash-in-Advance Economy," University of Cyprus Working Papers in Economics 1-2009, University of Cyprus Department of Economics.
    2. Kuan‐jen Chen & Ching‐chong Lai & Ting‐wei Lai, 2021. "Macroeconomic instability and targeting rules for monetary policy in an endogenously growing small open economy," Review of International Economics, Wiley Blackwell, vol. 29(4), pages 904-926, September.

  28. Chen, Shu-Hua & Guo, Jang-Ting, 2008. "Velocity of money, equilibrium (in)determinacy and endogenous growth," Journal of Macroeconomics, Elsevier, vol. 30(3), pages 1085-1096, September.

    Cited by:

    1. Been-Lon Chen & Mei Hsu & Chia-Hui Lu, 2007. "Status and Multiple Growth Regimes," IEAS Working Paper : academic research 07-A010, Institute of Economics, Academia Sinica, Taipei, Taiwan.
    2. Pedro Mazeda Gil & Gustavo Iglésias,, 2018. "Endogenous Growth and Real Effects of Monetary Policy: R&D and Physical Capital Complementarities in a Cash-in-Advance Economy," CEF.UP Working Papers 1802, Universidade do Porto, Faculdade de Economia do Porto.
    3. Seiya, Fujisaki & Kazuo, Mino, 2010. "Growth and Distributional Effects of Inflation with Progressive Taxation," MPRA Paper 26113, University Library of Munich, Germany.
    4. Been‐Lon Chen & Shun‐Fa Lee, 2012. "Intersectoral Spillovers, Relative Prices and Development Traps," Review of Development Economics, Wiley Blackwell, vol. 16(2), pages 243-261, May.
    5. Chu, Angus C. & Liao, Chih-Hsing & Liu, Xiangbo & Zhang, Mengbo, 2015. "Indeterminacy in a Matching Model of Money with Productive Government Expenditure," MPRA Paper 67172, University Library of Munich, Germany.
    6. Been-Lon Chen & Yu-Shan Hsu & Chia-Hui Lu, 2011. "Friedman meets Becker and Mulligan in a monetary neoclassical growth model," Journal of Economics, Springer, vol. 104(2), pages 99-126, October.
    7. Maxime Menuet & Alexandru Minea & Patrick Villieu, 2016. "Deficit Rules and Monetization in a Growth Model with Multiplicity and Indeterminacy," Working Papers halshs-01252332, HAL.
    8. Fujisaki, Seiya & Mino, Kazuo, 2009. "Long-Run Impacts of Inflation Tax with Endogenous Capital Depreciation," MPRA Paper 16657, University Library of Munich, Germany.
    9. Maxime Menuet & Alexandru Minea & Patrick Villieu, 2018. "Deficit, monetization, and economic growth: a case for multiplicity and indeterminacy," Post-Print hal-01682711, HAL.
    10. Seiya Fujisaki, 2009. "Velocity and Monetary Expansion in a Growing Economy with Interest-Rate Control," Discussion Papers in Economics and Business 09-09, Osaka University, Graduate School of Economics.
    11. Seiya Fujisaki & Kazuo Mino, 2009. "Long-Run Impacts of Inflation Tax in the Presence of Multiple Capital Goods," Economics Bulletin, AccessEcon, vol. 29(3), pages 1644-1652.
    12. Seiya Fujisaki, 2008. "Equilibrium Determinacy of Endogenous Growth with Generalized Taylor Rule: A Discrete-Time Analysis," Discussion Papers in Economics and Business 08-21, Osaka University, Graduate School of Economics.
    13. Lai, Ching-Chong & Chin, Chi-Ting, 2013. "Monetary Rules And Endogenous Growth In An Open Economy," Macroeconomic Dynamics, Cambridge University Press, vol. 17(2), pages 431-463, March.
    14. Kawagishi, Taketo & Kaminoyama, Ken-ichi, 2014. "Cash-in-advance constraint with status and endogenous growth," MPRA Paper 55946, University Library of Munich, Germany.

  29. Jang‐Ting Guo & Sharon G. Harrison, 2008. "Useful Government Spending and Macroeconomic (In)stability under Balanced‐Budget Rules," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 10(3), pages 383-397, June.
    See citations under working paper version above.
  30. Jang-Ting Guo & Shu-Hua Chen, 2008. "On the growth and velocity effects of money," Economics Bulletin, AccessEcon, vol. 5(13), pages 1-7.

    Cited by:

    1. Fujisaki, Seiya & Mino, Kazuo, 2009. "Long-Run Impacts of Inflation Tax with Endogenous Capital Depreciation," MPRA Paper 16657, University Library of Munich, Germany.
    2. Seiya Fujisaki, 2009. "Velocity and Monetary Expansion in a Growing Economy with Interest-Rate Control," Discussion Papers in Economics and Business 09-09, Osaka University, Graduate School of Economics.
    3. Lu Chia-Hui & Chen Been-Lon & Hsu Mei, 2011. "The Dynamic Relationship between Inflation and Output Growth in a Cash-Constrained Economy," The B.E. Journal of Macroeconomics, De Gruyter, vol. 11(1), pages 1-29, May.
    4. Hsiu-Yun Lee & Yu-Lin Wang & Wen-Ya Chang, 2013. "Can growth-enhanced monetary policy improve welfare when people seek social status?," Journal of Economics, Springer, vol. 110(3), pages 257-272, November.
    5. Seiya Fujisaki & Kazuo Mino, 2009. "Long-Run Impacts of Inflation Tax in the Presence of Multiple Capital Goods," Economics Bulletin, AccessEcon, vol. 29(3), pages 1644-1652.

  31. Jang‐Ting Guo & Kevin J. Lansing, 2007. "Maintenance expenditures and indeterminacy under increasing returns to scale," International Journal of Economic Theory, The International Society for Economic Theory, vol. 3(2), pages 147-158, June.
    See citations under working paper version above.
  32. Guo, Jang-Ting & Harrison, Sharon G., 2006. "Government size and macroeconomic stability: A comment," European Economic Review, Elsevier, vol. 50(5), pages 1339-1346, July.

    Cited by:

    1. Nwosa Philip I. & Ehinomen Chris & Ugwu Ephraim, 2020. "Output Volatility and Government Size in Nigeria," Folia Oeconomica Stetinensia, Sciendo, vol. 20(1), pages 286-301, June.
    2. Casas, Pablo & Torres, José L., 2022. "Government size and automation," MPRA Paper 115271, University Library of Munich, Germany.
    3. Alexandre Janiaka & Paulo Santos Monteiro, 2014. "Towards a quantitative theory of automatic stabilizers: the role of demographics," Discussion Papers 14/23, Department of Economics, University of York.
    4. Andrés, Javier & Fatás, Antonio & Domenech, Rafael, 2004. "The Stabilizing Role of Government Size," CEPR Discussion Papers 4384, C.E.P.R. Discussion Papers.
    5. Philipp Wegmueller, 2014. "Floating or fixed exchange rates: The role of government size," Diskussionsschriften dp1404, Universitaet Bern, Departement Volkswirtschaft.
    6. Gisle James Natvik, 2009. "Government Spending and the Taylor Principle," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 41(1), pages 57-77, February.
    7. Fabrice Collard & Harris Dellas & George Tavlas, 2017. "Government Size and Macroeconomic Volatility," Economica, London School of Economics and Political Science, vol. 84(336), pages 797-819, October.

  33. Been-Lon Chen & Jang-Ting Guo, 2005. "Income Inequality and Economic Growth: A Simple Theoretical Synthesis," Annals of Economics and Finance, Society for AEF, vol. 6(2), pages 319-329, November.

    Cited by:

    1. Shu-Hua Chen, 2012. "On the Growth and Stability Effects of Habit Formation and Durability in Consumption," Annals of Economics and Finance, Society for AEF, vol. 13(2), pages 283-298, November.
    2. Wang, Chan, 2012. "A very preliminary survey on growth and development," MPRA Paper 39037, University Library of Munich, Germany.

  34. Jang-Ting Guo, 2005. "Tax Policy Under Keeping Up with the Joneses and Imperfect Competition," Annals of Economics and Finance, Society for AEF, vol. 6(1), pages 25-36, May.

    Cited by:

    1. Laszlo Goerke & Michael Neugart, 2017. "Social Comparisons in Oligopsony," CESifo Working Paper Series 6528, CESifo.
    2. Shu-Hua Chen, 2012. "On the Growth and Stability Effects of Habit Formation and Durability in Consumption," Annals of Economics and Finance, Society for AEF, vol. 13(2), pages 283-298, November.
    3. Jang‐Ting Guo & Alan Krause, 2011. "Optimal Nonlinear Income Taxation with Habit Formation," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 13(3), pages 463-480, June.
    4. Jang-Ting Guo & Juin-Jen Chang, 2008. "Social Status and Optimal Income Taxation," Working Papers 200814, University of California at Riverside, Department of Economics, revised Dec 2008.
    5. FitzRoy, Felix & Jin, Jim & Nolan, Michael A., 2019. "Higher Tax and Less Work: An Optimal Response to Relative Income Concern," IZA Discussion Papers 12468, Institute of Labor Economics (IZA).
    6. Lloyd-Braga, Teresa & Modesto, Leonor, 2012. "Can Taxes Stabilize the Economy in the Presence of Consumption Externalities?," IZA Discussion Papers 6876, Institute of Labor Economics (IZA).
    7. Tervala, Juha, 2008. "Jealousy and monetary policy," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 37(5), pages 1797-1802, October.
    8. Juin-jen Chang & Jhy-hwa Chen & Jhy-yuan Shieh, 2012. "Consumption externalities, market imperfections and optimal taxation," International Journal of Economic Theory, The International Society for Economic Theory, vol. 8(4), pages 345-359, December.
    9. Liu, Chia-ying & Chang, Juin-jen, 2011. "Keeping up with the Joneses, consumer ethnocentrism, and optimal taxation," Economic Modelling, Elsevier, vol. 28(4), pages 1519-1525, July.
    10. Felix FitzRoy & Jim Jin & Michael Nolan, 2023. "Higher tax and less work: reverse “Keep up with the Joneses” and rising inequality," Journal of Economics, Springer, vol. 139(3), pages 177-190, August.

  35. Guo, Jang-Ting, 2004. "Increasing returns, capital utilization, and the effects of government spending," Journal of Economic Dynamics and Control, Elsevier, vol. 28(6), pages 1059-1078, March.

    Cited by:

    1. Long, Xin & Pelloni, Alessandra, 2017. "Factor income taxation in a horizontal innovation model," Journal of Public Economics, Elsevier, vol. 154(C), pages 137-159.
    2. Huang, Kevin X.D. & Liu, Fengqi & Meng, Qinglai & Xue, Jianpo, 2022. "Keeping up with the Joneses and the consumption response to government spending," Economics Letters, Elsevier, vol. 220(C).
    3. Diewert, W. Erwin & Fox, Kevin J., 2008. "On the estimation of returns to scale, technical progress and monopolistic markups," Journal of Econometrics, Elsevier, vol. 145(1-2), pages 174-193, July.
    4. Xin Long & Alessandra Pelloni, 2012. "Welfare Improving Taxation on Savings in a Growth Model," CEIS Research Paper 218, Tor Vergata University, CEIS, revised 27 Jan 2012.
    5. Kevin J Fox, 2005. "Returns to Scale, Technical Progress and Total Factor Productivity Growth in New Zealand Industries," Treasury Working Paper Series 05/04, New Zealand Treasury.
    6. Giannitsarou, Chryssi & Anagnostopoulos, Alexis, 2010. "Modelling Time And Macroeconomic Dynamics," CEPR Discussion Papers 8050, C.E.P.R. Discussion Papers.
    7. W. Diewert & Kevin Fox, 2010. "Malmquist and Törnqvist productivity indexes: returns to scale and technical progress with imperfect competition," Journal of Economics, Springer, vol. 101(1), pages 73-95, September.
    8. Linnemann, Ludger, 2009. "Macroeconomic effects of shocks to public employment," Journal of Macroeconomics, Elsevier, vol. 31(2), pages 252-267, June.

  36. Guo, Jang-Ting & Harrison, Sharon G., 2004. "Balanced-budget rules and macroeconomic (in)stability," Journal of Economic Theory, Elsevier, vol. 119(2), pages 357-363, December.

    Cited by:

    1. Jang-Ting Guo & Shu-Hua Chen, 2010. "Progressive Taxation and Macroeconomic (In)stability with Productive Government Spending," Working Papers 201006, University of California at Riverside, Department of Economics, revised Aug 2010.
    2. Stockman, David R., 2010. "Balanced-budget rules: Chaos and deterministic sunspots," Journal of Economic Theory, Elsevier, vol. 145(3), pages 1060-1085, May.
    3. Xue, Jianpo & Yip, Chong K., 2018. "Home production, balanced-budget taxation and economic (in)stability," Journal of Macroeconomics, Elsevier, vol. 56(C), pages 231-242.
    4. Stephen McKnight, 2015. "Are consumption taxes preferable to income taxes in preventing macroeconomic instability?," Serie documentos de trabajo del Centro de Estudios Económicos 2015-04, El Colegio de México, Centro de Estudios Económicos.
    5. Javier Andrés & Rafael Doménech, 2003. "Automatic stabilizers, fiscal rules and macroeconomic stability," Working Papers 0314, Banco de España.
    6. Pierre Richard Agénor & Devrim Yilmaz, 2006. "The Tyranny of Rules: Fiscal Discipline, Productive Spending, and Growth," Economics Discussion Paper Series 0616, Economics, The University of Manchester.
    7. Kengo Nutahara, 2013. "Asset Price Targeting Government Spending and Equilibrium Indeterminacy in A Sticky-Price Economy," CIGS Working Paper Series 13-003E, The Canon Institute for Global Studies.
    8. Philippe Michel & Leopold Von Thadden & Jean‐Pierre Vidal, 2010. "Debt Stabilizing Fiscal Rules," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 12(5), pages 923-941, October.
    9. Giovanni Di Bartolomeo & Marco Manzo, 2010. "Fiscal Policy Under Balanced Budget And Indeterminacy: A New Keynesian Perspective," Scottish Journal of Political Economy, Scottish Economic Society, vol. 57(4), pages 455-472, September.
    10. Maxime Menuet & Alexandru Minea & Patrick Villieu, 2019. "Increasing Returns, Balanced-Budget Rules, and Aggregate Fluctuations," Working Papers hal-02153853, HAL.
    11. Matteo Ghilardi & Raffaele Rossi, 2014. "Aggregate Stability and Balanced-Budget Rules," IMF Working Papers 2014/023, International Monetary Fund.
    12. Xue, Jianpo & Yip, Chong K., 2014. "Factor substitution and taxation in a finance constrained economy," Journal of Mathematical Economics, Elsevier, vol. 55(C), pages 101-112.
    13. Camelia Ioana Ucenic & Laura Bacali, 2008. "The Impact of the Advance of SME's for the Romanian Economy," Working Papers 0804, University of Crete, Department of Economics.
    14. O. Loisel, 2015. "The Implementation of Stabilization Policy," Working papers 556, Banque de France.
    15. Rodríguez-Nava, Abigail & Venegas-Martínez, Francisco & López-Herrera, Francisco, 2014. "La necesidad de la reforma fiscal para PEMEX: viabilidad económica y financiera," Sección de Estudios de Posgrado e Investigación de la Escuela Superios de Economía del Instituto Politécnico Nacional, in: Universidad Autónoma del Estado de México (ed.), Efectos de las reformas estructurales en las fluctuaciones cíclicas y el crecimiento económico en México, volume 1, chapter 2, pages 43-70, Escuela Superior de Economía, Instituto Politécnico Nacional.
    16. Teresa Lloyd-Braga & Leonor Modesto & Thomas Seegmuller, 2008. "Tax Rate Variability and Public Spending as Sources of Indeterminacy," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00194395, HAL.
    17. Fujio Takata, 2013. "Multiple Steady States under the Balanced Budget Rule- a Generalization," Discussion Papers 1310, Graduate School of Economics, Kobe University.
    18. Maxime Menuet & Alexandru Minea & Patrick Villieu, 2019. "Endogenous fluctuations and the balanced-budget rule: taxes versus spending-based adjustment," Post-Print halshs-02318369, HAL.
    19. Erkki Koskela & Mikko Puhakka, 2006. "Indeterminacy and Stabilization of Endogenous Cycles with Balanced-Budget Distortionary Taxation," FinanzArchiv: Public Finance Analysis, Mohr Siebeck, Tübingen, vol. 62(2), pages 149-167, June.
    20. David R. Stockman, 2022. "Balanced‐budget rules: Local indeterminacy and bifurcations," International Journal of Economic Theory, The International Society for Economic Theory, vol. 18(2), pages 109-136, June.
    21. Chen, Shu-Hua, 2019. "On economic growth and automatic stabilizers under linearly progressive income taxation," Journal of Macroeconomics, Elsevier, vol. 60(C), pages 378-395.
    22. Gliksberg, Baruch, "undated". "A Fixed-Point Theory of Price Level Determination in General Equilibrium," Working Papers WP2014/3, University of Haifa, Department of Economics.
    23. Gokan, Yoichi, 2008. "Alternative government financing and aggregate fluctuations driven by self-fulfilling expectations," Journal of Economic Dynamics and Control, Elsevier, vol. 32(5), pages 1650-1679, May.
    24. Chu, Angus C. & Liao, Chih-Hsing & Liu, Xiangbo & Zhang, Mengbo, 2015. "Indeterminacy in a Matching Model of Money with Productive Government Expenditure," MPRA Paper 67172, University Library of Munich, Germany.
    25. Meng, Qinglai & Xue, Jianpo, 2015. "Balanced-budget consumption taxes and aggregate stability in a small open economy," Economics Letters, Elsevier, vol. 137(C), pages 214-217.
    26. Ismael, Mohanad, 2011. "Progressive income taxes and macroeconomic instability," MPRA Paper 49917, University Library of Munich, Germany.
    27. Thomas Seegmuller, 2005. "On the Stabilizing Virtues of Imperfect Competition," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00194173, HAL.
    28. Abad, Nicolas & Seegmuller, Thomas & Venditti, Alain, 2017. "Nonseparable Preferences Do Not Rule Out Aggregate Instability Under Balanced-Budget Rules: A Note," Macroeconomic Dynamics, Cambridge University Press, vol. 21(1), pages 259-277, January.
    29. Chryssi Giannitsarou, 2004. "Balanced Budget Rules and Aggregate Instability: The Role of Consumption Taxes," Econometric Society 2004 North American Winter Meetings 498, Econometric Society.
    30. Keiichi Morimoto & Takeo Hori & Noritaka Maebayashi & Koichi Futagami, 2013. "Fiscal Sustainability, Macroeconomic Stability, and Welfare under Fiscal Discipline in a Small Open Economy," Discussion Papers in Economics and Business 13-07, Osaka University, Graduate School of Economics.
    31. Nicolas Dromel & Patrick-Antoine Pintus, 2007. "Linearly Progressive Income Taxes and Stabilization," Post-Print halshs-00641124, HAL.
    32. Montoro, Carlos & Moreno, Eduardo, 2008. "Reglas fiscales y la volatilidad del producto," Revista Estudios Económicos, Banco Central de Reserva del Perú, issue 15, pages 65-92.
    33. Wei-Bin Zhang, 2018. "National Debt and Economic Growth with Externalities and Congestions," Economic Alternatives, University of National and World Economy, Sofia, Bulgaria, issue 2, pages 175-191, June.
    34. Lloyd-Braga, Teresa & Modesto, Leonor, 2012. "Can Taxes Stabilize the Economy in the Presence of Consumption Externalities?," IZA Discussion Papers 6876, Institute of Labor Economics (IZA).
    35. Kevin X.D. Huang & Qinglai Meng & Jianpo Xue, 2018. "Balanced‐Budget Rules and Aggregate Instability: The Role of Endogenous Capital Utilization," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 50(8), pages 1669-1709, December.
    36. Zhiming Fu & Antoine Le Riche, 2022. "Public spending, monetary policy and macroeconomic instability," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 24(3), pages 580-608, June.
    37. Keiichi Morimoto & Takeo Hori & Noritaka Maebayashi & Koichi Futagami, 2017. "Debt Policy Rules in an Open Economy," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 19(1), pages 158-177, February.
    38. Chen, Shu-Hua & Guo, Jang-Ting, 2014. "Progressive taxation and macroeconomic (in)stability with utility-generating government spending," Journal of Macroeconomics, Elsevier, vol. 42(C), pages 174-183.
    39. Camous, Antoine & Gimber, Andrew R., 2018. "Public debt and fiscal policy traps," Journal of Economic Dynamics and Control, Elsevier, vol. 93(C), pages 239-259.
    40. Fujisaki, Seiya, 2016. "Equilibrium Determinacy and Policy Rules : Role of Productive Money and Government Expenditure," MPRA Paper 69834, University Library of Munich, Germany.
    41. Maxime Menuet & Alexandru Minea & Patrick Villieu, 2019. "Budget Rules, Distortionnary Taxes, and Aggregate Instability: A reappraisal," Working Papers hal-02153856, HAL.
    42. P R Agénor & D Yilmaz, 2006. "The Tyranny of Rules: Fiscal Discipline, Productive Spending, and Growth," Centre for Growth and Business Cycle Research Discussion Paper Series 73, Economics, The University of Manchester.
    43. Seiya Fujisaki & Kazuo Mino, 2008. "Income Taxation, Interest-Rate Control and Macroeconomic Stability with Balanced-Budget," Discussion Papers in Economics and Business 08-20, Osaka University, Graduate School of Economics.
    44. Wei-Bin Zhang, 2017. "Governments’ Debts And Public Goods In A Multi-Country. Growth Model With Tradable And Non-Tradable Goods," Journal of Smart Economic Growth, , vol. 2(2), pages 1-34, May.
    45. Ludger Linnemann & Andreas Schabert, 2012. "Fiscal Rules, Interest Payments on Debt, and the Irrelevance of the Taylor Principle," Scottish Journal of Political Economy, Scottish Economic Society, vol. 59(3), pages 250-265, July.
    46. Micheli, Martin, 2020. "Aggregate stability under a budget rule and labor mobility," Economic Modelling, Elsevier, vol. 93(C), pages 510-519.
    47. Huang, Kevin X.D. & Meng, Qinglai & Xue, Jianpo, 2017. "Balanced-budget income taxes and aggregate stability in a small open economy," Journal of International Economics, Elsevier, vol. 105(C), pages 90-101.
    48. wei-bin zhang, 2016. "Public Debt and Economic Growth in Uzawa?s Two-Sector Model with Public Goods," International Journal of Economic Sciences, International Institute of Social and Economic Sciences, vol. 5(4), pages 51-72, December.
    49. von Thadden, Leopold & Lipińska, Anna, 2009. "Monetary and fiscal policy aspects of indirect tax changes in a monetary union," Working Paper Series 1097, European Central Bank.
    50. Carmelo Pierpaolo Parello, 2021. "Free labor mobility and indeterminacy in models of neoclassical growth," Journal of Economics, Springer, vol. 133(1), pages 27-46, June.
    51. Kevin X.D. Huang & Qinglai Meng & Jianpo Xue, 2019. "Capital Income Taxation and Aggregate Instability," Vanderbilt University Department of Economics Working Papers 19-00007, Vanderbilt University Department of Economics.
    52. Lai, Ching-Chong & Chin, Chi-Ting, 2013. "Monetary Rules And Endogenous Growth In An Open Economy," Macroeconomic Dynamics, Cambridge University Press, vol. 17(2), pages 431-463, March.
    53. Luigi Bonatti, 2007. "Resolving Indeterminacy in Coordination Games: A New Approach Applied to a Pay-as-you-go Pension Scheme," Journal of Economics, Springer, vol. 91(3), pages 273-295, July.
    54. Fujisaki, Seiya, 2016. "Aggregate Stability in Monetary Economy with Consumption Tax and Taylor Rule," MPRA Paper 69833, University Library of Munich, Germany.
    55. Shian -Jang Tzeng & Yirui Xu & Jianfu Ding & Yongyou Li & Hongshi Jin, 2021. "The dynamic analysis of maintenance policy in a growing economy with public capital," International Journal of Economic Policy Studies, Springer, vol. 15(1), pages 183-204, February.
    56. Mohanad Ismael, 2014. "Progressive income taxes and macroeconomic instability," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 10(2), pages 49-61.

  37. Yong Bao & Jang‐Ting Guo, 2004. "Reexamination of Economic Growth, Tax Policy, and Distributive Politics," Review of Development Economics, Wiley Blackwell, vol. 8(3), pages 474-482, August.

    Cited by:

    1. Christophe Ehrhart, 2009. "The effects of inequality on growth: a survey of the theoretical and empirical literature," Working Papers 107, ECINEQ, Society for the Study of Economic Inequality.
    2. Peter J. Stauvermann & Ronald R. Kumar, 2018. "Adult Learning, Economic Growth and the Distribution of Income," Economies, MDPI, vol. 6(1), pages 1-12, February.

  38. Chauvet, Marcelle & Guo, Jang-Ting, 2003. "Sunspots, Animal Spirits, And Economic Fluctuations," Macroeconomic Dynamics, Cambridge University Press, vol. 7(1), pages 140-169, February.

    Cited by:

    1. Daragh Clancy & Lorenzo Ricci, 2019. "Loss aversion, economic sentiments and international consumption smoothing," Working Papers 35, European Stability Mechanism.
    2. Dietmar Fehr & Frank Heinemann & Aniol Llorente-Saguer, 2013. "The power of sunspots: an experimental analysis," Working Papers 13-2, Federal Reserve Bank of Boston.
    3. Bennani, Hamza, 2020. "Central bank communication in the media and investor sentiment," Journal of Economic Behavior & Organization, Elsevier, vol. 176(C), pages 431-444.
    4. Abildgren, Kim & Hansen, Niels Lynggård & Kuchler, Andreas, 2018. "Overoptimism and house price bubbles," Journal of Macroeconomics, Elsevier, vol. 56(C), pages 1-14.
    5. Xie, Zixiong & Hsu, Shih-Hsun, 2016. "Time varying biases and the state of the economy," International Journal of Forecasting, Elsevier, vol. 32(3), pages 716-725.
    6. Killian McCarthy & Wilfred Dolfsma, 2009. "Editor's Feature," Journal of Economic Issues, Taylor & Francis Journals, vol. 43(2), pages 531-548.
    7. Harrison, Sharon G. & Weder, Mark, 2002. "Did sunspot cause the Great Depression?," SFB 373 Discussion Papers 2002,35, Humboldt University of Berlin, Interdisciplinary Research Project 373: Quantification and Simulation of Economic Processes.
    8. Clancy, Daragh & Ricci, Lorenzo, 2022. "Economic sentiments and international risk sharing," International Economics, Elsevier, vol. 169(C), pages 208-229.
    9. Gabriel Di Bella & Mr. Francesco Grigoli, 2018. "Optimism, Pessimism, and Short-Term Fluctuations," IMF Working Papers 2018/001, International Monetary Fund.
    10. Gerunov, Anton, 2014. "Критичен Преглед На Основните Подходи За Моделиране На Икономическите Очаквания [A Critical Review of Major Approaches for Modeling Economic Expectations]," MPRA Paper 68797, University Library of Munich, Germany.
    11. Lemmens, A. & Croux, C. & Dekimpe, M.G., 2007. "Consumer confidence in Europe : United in diversity," Other publications TiSEM ea8c3268-2c0b-4fcc-9d4a-6, Tilburg University, School of Economics and Management.
    12. Lemmens, A. & Croux, C. & Dekimpe, M.G., 2005. "The European Consumer: United In Diversity?," ERIM Report Series Research in Management ERS-2005-022-MKT, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam.
    13. Choy, Keen Meng & Leong, Kenneth & Tay, Anthony S., 2006. "Non-fundamental expectations and economic fluctuations: Evidence from professional forecasts," Journal of Macroeconomics, Elsevier, vol. 28(2), pages 446-460, June.
    14. Dajčman Silvo, 2020. "Economic policy and confidence of economic agents – a causal relationship?," Review of Economic Perspectives, Sciendo, vol. 20(4), pages 471-484, December.
    15. Nadenichek, Jon, 2007. "Consumer confidence and economic stagnation in Japan," Japan and the World Economy, Elsevier, vol. 19(3), pages 338-346, August.
    16. Roman Horvath, 2012. "Do Confidence Indicators Help Predict Economic Activity? The Case of the Czech Republic," Czech Journal of Economics and Finance (Finance a uver), Charles University Prague, Faculty of Social Sciences, vol. 62(5), pages 398-412, November.
    17. Chauvet, Marcelle & Potter, Simon, 2013. "Forecasting Output," Handbook of Economic Forecasting, in: G. Elliott & C. Granger & A. Timmermann (ed.), Handbook of Economic Forecasting, edition 1, volume 2, chapter 0, pages 141-194, Elsevier.
    18. Harrison, Sharon G. & Weder, Mark, 2006. "Did sunspot forces cause the Great Depression?," Journal of Monetary Economics, Elsevier, vol. 53(7), pages 1327-1339, October.
    19. Juan Carlos Castro Fernández & Juan Carlos Castro Fernández, 2022. "Big Recessions and Slow Recoveries," Documentos de Trabajo UEC 20128, Universidad Externado de Colombia.
    20. Canh P. Nguyen & Christophe Schinckus & Dinh Su Thanh, 2020. "Economic Fluctuations And The Shadow Economy: A Global Study," Global Economy Journal (GEJ), World Scientific Publishing Co. Pte. Ltd., vol. 20(03), pages 1-24, September.
    21. Gerasimos T. Soldatos & Erotokritos Varelas, 2015. "A first formal approach to animal spirits beyond uncertainty," European Journal of Government and Economics, Europa Grande, vol. 4(2), pages 104-117, December.
    22. Gerunov, Anton, 2013. "Връзка Между Икономическите Очаквания И Стопанската Динамика В Ес-27 [Linkages Between Expectations and Economic Dynamics in EU-27]," MPRA Paper 68795, University Library of Munich, Germany.

  39. Guo, Jang-Ting & Lansing, Kevin J., 2002. "Fiscal Policy, Increasing Returns, And Endogenous Fluctuations," Macroeconomic Dynamics, Cambridge University Press, vol. 6(5), pages 633-664, November.
    See citations under working paper version above.
  40. Marco A. Espinosa-Vega & Jang-Ting Guo, 2001. "On business cycles and countercyclical policies," Economic Review, Federal Reserve Bank of Atlanta, vol. 86(Q4), pages 1-11.

    Cited by:

    1. Noam, Eli M., 2006. "Fundamental instability: Why telecom is becoming a cyclical and oligopolistic industry," Information Economics and Policy, Elsevier, vol. 18(3), pages 272-284, September.

  41. Guo, Jang-Ting & Harrison, Sharon G., 2001. "Indeterminacy with capital utilization and sector-specific externalities," Economics Letters, Elsevier, vol. 72(3), pages 355-360, September.

    Cited by:

    1. Busato, Francesco & Marchetti, Enrico, 2010. "Endogenous skill cycles," Research in Economics, Elsevier, vol. 64(3), pages 175-185, September.
    2. Wang, Gaowang & Zou, Heng-fu, 2014. "Consumption externality and indeterminacy under increasing returns to scale and endogenous capital depreciation," Economic Modelling, Elsevier, vol. 38(C), pages 282-287.
    3. Jang-Ting Guo & Kevin J. Lansing, 2005. "Maintenance expenditures and indeterminacy under increasing returns to scale," Working Paper Series 2005-10, Federal Reserve Bank of San Francisco.
    4. Francesco Busato & Enrico Marchetti, 2006. "Skills, sunspots and cycles," Economics Working Papers 2006-07, Department of Economics and Business Economics, Aarhus University.
    5. Mohanad ISMAEL & Francesco MAGRIS, 2008. "Indeterminacy with Externalities and Capital Utilization," EcoMod2008 23800053, EcoMod.
    6. Nadenichek, Jon, 2007. "Consumer confidence and economic stagnation in Japan," Japan and the World Economy, Elsevier, vol. 19(3), pages 338-346, August.
    7. Berthold Herrendorf & Akos Valentinyi, 2003. "Determinacy Through Intertemporal Adjustment Costs," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 6(3), pages 483-497, July.
    8. Chen, Been-Lon, 2006. "Public capital, endogenous growth, and endogenous fluctuations," Journal of Macroeconomics, Elsevier, vol. 28(4), pages 768-774, December.
    9. Jiang, Dou, 2017. "Indeterminacy, capital maintenance expenditures and the business cycle," Economic Modelling, Elsevier, vol. 61(C), pages 432-438.
    10. Wilson, Matthew S., 2020. "A real business cycle model with money as a sunspot variable," Journal of Economics and Business, Elsevier, vol. 109(C).

  42. Jang-Ting Guo & Sharon G. Harrison, 2001. "Tax Policy and Stability in a Model with Sector-Specific Externalities," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 4(1), pages 75-89, January.

    Cited by:

    1. Juin-Jen Chang & Jang-Ting Guo & Jhy-Yuan Shieh & Wei-Neng Wang, 2013. "Sectoral Composition of Government Spending and Macroeconomic (In)stability," IEAS Working Paper : academic research 13-A010, Institute of Economics, Academia Sinica, Taipei, Taiwan.
    2. Jang-Ting Guo & Shu-Hua Chen, 2010. "Progressive Taxation and Macroeconomic (In)stability with Productive Government Spending," Working Papers 201006, University of California at Riverside, Department of Economics, revised Aug 2010.
    3. Been-Lon Chen & Yunfang Hu & Kazuo Mino, 2018. "Does Nonlinear Taxation Stabilize Small Open Economies?," KIER Working Papers 997, Kyoto University, Institute of Economic Research.
    4. Fujio Takata, 2017. "Two Steady States and Two Movement Patterns under the Balanced Budget Rule - An Economy with Divisible Labor," Discussion Papers 1702, Graduate School of Economics, Kobe University.
    5. Kim, Jinill, 2005. "Does utility curvature matter for indeterminacy?," Journal of Economic Behavior & Organization, Elsevier, vol. 57(4), pages 421-429, August.
    6. Been-Lon Chen & Mei Hsu & Yu-Shan Hsu, 2018. "Progressive taxation and macroeconomic stability in two-sector models with social constant returns," Journal of Economics, Springer, vol. 125(1), pages 51-68, September.
    7. Liu, Chia-Ying & Wang, Wei-Neng, 2020. "On the optimality of social status seeking," Economic Modelling, Elsevier, vol. 93(C), pages 520-525.
    8. Fujio Takata, 2013. "Multiple Steady States under the Balanced Budget Rule- a Generalization," Discussion Papers 1310, Graduate School of Economics, Kobe University.
    9. Chen, Been-Lon & Hu, Yunfang & Mino, Kazuo, 2019. "Income Taxation Rules and Stability of a Small Open Economy," MPRA Paper 98098, University Library of Munich, Germany.
    10. Erkki Koskela & Mikko Puhakka, 2006. "Indeterminacy and Stabilization of Endogenous Cycles with Balanced-Budget Distortionary Taxation," FinanzArchiv: Public Finance Analysis, Mohr Siebeck, Tübingen, vol. 62(2), pages 149-167, June.
    11. Sergey Slobodyan, 2006. "One Sector Models, Indeterminacy, and Productive Public Spending," CERGE-EI Working Papers wp293, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
    12. Nicolas Dromel & Patrick-Antoine Pintus, 2006. "Are Progressive Fiscal Rules Stabilizing?," Working Papers halshs-00410452, HAL.
    13. Patrick Pintus, 2004. "International Capital Mobility and Aggregate Volatility: the Case of Credit-Rationed Open Economies," Computing in Economics and Finance 2004 193, Society for Computational Economics.
    14. Fujio Takata, 2015. "Two Movement Patterns under the Balanced Budget Rule |Further Results," Discussion Papers 1510, Graduate School of Economics, Kobe University.
    15. Aurelien Saidi, 2009. "Can stabilization policies be efficient?," Economics Working Papers ECO2008/01, European University Institute.
    16. Jang-Ting Guo & Sharon G. Harrison, 2015. "Indeterminacy with Progressive Taxation and Sector-Specific Externalities," Pacific Economic Review, Wiley Blackwell, vol. 20(2), pages 268-281, May.
    17. Juin‐Jen Chang & Jang‐Ting Guo & Jhy‐Yuan Shieh & Wei‐Neng Wang, 2019. "Sectoral composition of government spending, distortionary income taxation, and macroeconomic (in)stability," International Journal of Economic Theory, The International Society for Economic Theory, vol. 15(1), pages 95-107, March.
    18. Chen, Shu-Hua & Guo, Jang-Ting, 2014. "Progressive taxation and macroeconomic (in)stability with utility-generating government spending," Journal of Macroeconomics, Elsevier, vol. 42(C), pages 174-183.
    19. Chang, Juin-Jen & Chen, Jhy-Hwa & Tsai, Ming-Fang, 2022. "Corporate social responsibility, social optimum, and the environment-growth tradeoff," Resource and Energy Economics, Elsevier, vol. 69(C).
    20. Chen, Yan & Zhang, Yan, 2008. "Are Progressive Income Taxes Stabilizing? : A Reply," MPRA Paper 11460, University Library of Munich, Germany.
    21. Zhang, Yan, 2020. "Stabilization policy and indeterminacy in a small open economy," Economic Modelling, Elsevier, vol. 90(C), pages 159-167.
    22. Erkki Koskela & Mikko Puhakka, 2003. "Stabilizing Competitive Cycles with Distortionary Taxation," CESifo Working Paper Series 947, CESifo.
    23. Jang-Ting Guo & Yan Zhang, 2021. "Tax Policy and Aggregate Stability in an Overlapping Generations Model," Working Papers 202112, University of California at Riverside, Department of Economics.
    24. Mauro Bambi & Aurélien Saïdi, 2008. "Increasing Returns to Scale and Welfare: Ranking the Multiple Deterministic Equilibria," CER-ETH Economics working paper series 08/99, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
    25. Gokan, Yoichi, 2013. "Indeterminacy, labor and capital income taxes, and non-linear tax schedules," Journal of Macroeconomics, Elsevier, vol. 36(C), pages 138-149.
    26. Patrick A. Pintus, 2008. "Laffer traps and monetary policy," Review, Federal Reserve Bank of St. Louis, vol. 90(May), pages 165-174.

  43. Dhawan, Rajeev & Guo, Jang-Ting, 2001. "Declining Share of Small Firms in U.S. Output: Causes and Consequences," Economic Inquiry, Western Economic Association International, vol. 39(4), pages 651-662, October.

    Cited by:

    1. Dustin Chambers & Colin O’Reilly, 2022. "The economic theory of regulation and inequality," Public Choice, Springer, vol. 193(1), pages 63-78, October.
    2. Dustin Chambers & Patrick A. McLaughlin & Tyler Richards, 2022. "Regulation, entrepreneurship, and firm size," Journal of Regulatory Economics, Springer, vol. 61(2), pages 108-134, April.
    3. O'Reilly, Colin & Chambers, Dustin, 2020. "Regulation and Income Inequality in the United States," Working Papers 10347, George Mason University, Mercatus Center.

  44. Guo, Jang-Ting, 1999. "Multiple equilibria and progressive taxation of labor income," Economics Letters, Elsevier, vol. 65(1), pages 97-103, October.

    Cited by:

    1. Kremer, Jana & Stähler, Nikolai, 2013. "Structural and cyclical effects of tax progression," Discussion Papers 15/2013, Deutsche Bundesbank.
    2. Abad, Nicolas & Lloyd-Braga, Teresa & Modesto, Leonor, 2020. "The failure of stabilization policy: Balanced-budget fiscal rules in the presence of incompressible public expenditures," Journal of Economic Dynamics and Control, Elsevier, vol. 120(C).
    3. Slobodyan Sergey, 2001. "On Impossibility of Limit Cycles in Certain Two-Dimensional Continuous-Time Growth Mode," Studies in Nonlinear Dynamics & Econometrics, De Gruyter, vol. 5(1), pages 1-9, April.
    4. Erkki Koskela & Mikko Puhakka, 2006. "Indeterminacy and Stabilization of Endogenous Cycles with Balanced-Budget Distortionary Taxation," FinanzArchiv: Public Finance Analysis, Mohr Siebeck, Tübingen, vol. 62(2), pages 149-167, June.
    5. Sergey Slobodyan, 2006. "One Sector Models, Indeterminacy, and Productive Public Spending," CERGE-EI Working Papers wp293, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
    6. Ismael, Mohanad, 2011. "Progressive income taxes and macroeconomic instability," MPRA Paper 49917, University Library of Munich, Germany.
    7. Nicolas Dromel & Patrick-Antoine Pintus, 2006. "Are Progressive Fiscal Rules Stabilizing?," Working Papers halshs-00410452, HAL.
    8. Fabrizio Mattesini & Lorenza Rossi, 2010. "Monetary Policy and Automatic Stabilizers: the Role of Progressive Taxation," Quaderni di Dipartimento 134, University of Pavia, Department of Economics and Quantitative Methods.
    9. Nicolas Dromel & Patrick-Antoine Pintus, 2007. "Linearly Progressive Income Taxes and Stabilization," Post-Print halshs-00641124, HAL.
    10. Slobodyan, Sergey, 2005. "Indeterminacy, sunspots, and development traps," Journal of Economic Dynamics and Control, Elsevier, vol. 29(1-2), pages 159-185, January.
    11. Guo, Jang-Ting & Lansing, Kevin J., 2002. "Fiscal Policy, Increasing Returns, And Endogenous Fluctuations," Macroeconomic Dynamics, Cambridge University Press, vol. 6(5), pages 633-664, November.
    12. Lloyd-Braga, Teresa & Modesto, Leonor, 2012. "Can Taxes Stabilize the Economy in the Presence of Consumption Externalities?," IZA Discussion Papers 6876, Institute of Labor Economics (IZA).
    13. Tamai, Toshiki, 2007. "Public intermediate goods, endogenous growth, and indeterminacy," Economic Modelling, Elsevier, vol. 24(4), pages 683-689, July.
    14. Erkki Koskela & Mikko Puhakka, 2003. "Stabilizing Competitive Cycles with Distortionary Taxation," CESifo Working Paper Series 947, CESifo.
    15. Sergey Slobodyan, 2002. "Welfare Implications of Sunspot Fluctuations," CERGE-EI Working Papers wp204, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
    16. Gokan, Yoichi, 2013. "Indeterminacy, labor and capital income taxes, and non-linear tax schedules," Journal of Macroeconomics, Elsevier, vol. 36(C), pages 138-149.
    17. Maik Heinemann, 2003. "Indeterminacy and interest rate rules: The role of fiscal policy," Computing in Economics and Finance 2003 55, Society for Computational Economics.
    18. Mohanad Ismael, 2014. "Progressive income taxes and macroeconomic instability," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 10(2), pages 49-61.

  45. Guo, Jang-Ting & Lansing, Kevin J., 1999. "Optimal taxation of capital income with imperfectly competitive product markets," Journal of Economic Dynamics and Control, Elsevier, vol. 23(7), pages 967-995, June.
    See citations under working paper version above.
  46. Jang-Ting Guo & Rong-Chang Wu, 1998. "Financial Liberalization and the Exchange-Rate Exposure of the Taiwanese Firms: A Nonparametric Analysis of Taiwan," Multinational Finance Journal, Multinational Finance Journal, vol. 2(1), pages 37-61, March.

    Cited by:

    1. Manfred Fruhwirth & Paul Schneider & Markus S. Schwaiger, 2007. "Timing Decisions in a Multinational Context: Implementing the Amin/Bodurtha Framework," Multinational Finance Journal, Multinational Finance Journal, vol. 11(3-4), pages 157-178, September.
    2. Aysun, Uluc & Guldi, Melanie, 2011. "Exchange rate exposure: A nonparametric approach," Emerging Markets Review, Elsevier, vol. 12(4), pages 321-337.
    3. Yau, Hwey-Yun & Nieh, Chien-Chung, 2009. "Testing for cointegration with threshold effect between stock prices and exchange rates in Japan and Taiwan," Japan and the World Economy, Elsevier, vol. 21(3), pages 292-300, August.

  47. Guo, Jang-Ting, 1998. "Indeterminacy and sunspots in a monetary economy with limited participation," Economics Letters, Elsevier, vol. 59(3), pages 337-345, June.

    Cited by:

    1. Barinci, Jean-Paul & Cheron, Arnaud, 2001. "Sunspots and the Business Cycle in a Finance Constrained Economy," Journal of Economic Theory, Elsevier, vol. 97(1), pages 30-49, March.

  48. Guo, Jang-Ting & Sturzenegger, Federico, 1998. "Crazy Explanations of International Business Cycles," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 39(1), pages 111-133, February.

    Cited by:

    1. Stephen McKnight & Laura Povoledo, 2021. "Endogenous Fluctuations and International Business Cycles," Serie documentos de trabajo del Centro de Estudios Económicos 2021-10, El Colegio de México, Centro de Estudios Económicos.
    2. Tarek Coury & Yi Wen, 2009. "Global indeterminacy in locally determinate real business cycle models," International Journal of Economic Theory, The International Society for Economic Theory, vol. 5(1), pages 49-60, March.
    3. Wen, Yi, 2001. "Demand-Driven Business Cycles: Explaining Domestic and International Comovements," Working Papers 01-18, Cornell University, Center for Analytic Economics.
    4. Robert Kollmann, 2001. "The exchange rate in a dynamic-optimizing business cycle model with nominal rigidities: a quantitative investigation," ULB Institutional Repository 2013/7630, ULB -- Universite Libre de Bruxelles.
    5. Daniel Farhat, 2009. "Endogenous Labor Supply, Heterogeneous Firms and International Business Cycles," Working Papers 0909, University of Otago, Department of Economics, revised Sep 2009.
    6. Farmer, Roger E. A. & Jang-Ting, Guo, 1995. "The econometrics of indeterminacy: an applied study," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 43(1), pages 225-271, December.
    7. Wei Xiao, 2001. "Can Indeterminacy Resolve the Consumption Correlation Puzzle?," Computing in Economics and Finance 2001 209, Society for Computational Economics.
    8. Francesco Busato, 2004. "Relative Demand Shocks," Economics Working Papers 2004-11, Department of Economics and Business Economics, Aarhus University.
    9. Nadenichek, Jon, 2007. "Consumer confidence and economic stagnation in Japan," Japan and the World Economy, Elsevier, vol. 19(3), pages 338-346, August.
    10. Xiao, Wei, 2004. "Can indeterminacy resolve the cross-country correlation puzzle?," Journal of Economic Dynamics and Control, Elsevier, vol. 28(12), pages 2341-2366, December.
    11. Fukuda, Shin-ichi, 2004. "Extraneous shocks and international linkage of business cycles in a two-country monetary model," Journal of Economic Behavior & Organization, Elsevier, vol. 54(3), pages 389-409, July.
    12. David K. Backus & Patrick J. Kehoe & Finn E. Kydland, 1993. "International Business Cycles: Theory and Evidence," Working Papers 93-21, New York University, Leonard N. Stern School of Business, Department of Economics.
    13. Daniel Farhat, 2010. "Capital Accumulation, Non-traded Goods and International Macroeconomic Dynamics with Heterogeneous Firms," Working Papers 1002, University of Otago, Department of Economics, revised May 2010.
    14. Nadenichek, Jon, 1999. "Consumer durable goods in an international real business cycle framework," The Quarterly Review of Economics and Finance, Elsevier, vol. 39(2), pages 233-247.
    15. Tarek Coury & Yi Wen, 2007. "Global indeterminacy in locally determinate RBC models," Working Papers 2007-029, Federal Reserve Bank of St. Louis.

  49. Guo, Jang-Ting & Lansing, Kevin J., 1998. "Indeterminacy and Stabilization Policy," Journal of Economic Theory, Elsevier, vol. 82(2), pages 481-490, October.
    See citations under working paper version above.
  50. Jang-Ting Guo & Kevin J. Lansing, 1997. "Tax structure and welfare in a model of optimal fiscal policy," Economic Review, Federal Reserve Bank of Cleveland, issue Q I, pages 11-23.

    Cited by:

    1. José Luis Torres Chacon, 2015. "Introduction to Dynamic Macroeconomic General Equilibrium Models," Vernon Press Titles in Economics, Vernon Art and Science Inc, edition 2, number 54, August.
    2. Fernando M. Martin, 2011. "Policy and welfare effects of within-period commitment," Working Papers 2011-031, Federal Reserve Bank of St. Louis.
    3. Stelios Sakkas & Petros Varthalitis, 2021. "Public Debt Consolidation and its Distributional Effects," Manchester School, University of Manchester, vol. 89(S1), pages 131-174, September.
    4. Gonzalo Fernández-de-Córdoba & José L. Torres, 2007. "Fiscal harmonization in the presence of public inputs," Working Papers 07-02, Asociación Española de Economía y Finanzas Internacionales.
    5. Jiang, Mingming, 2016. "By force of demand: Explaining cyclical fluctuations of international trade and government spending," Journal of Economic Dynamics and Control, Elsevier, vol. 69(C), pages 249-267.
    6. Vasilev, Aleksandar, 2020. "How quantitatively important is public investment for both business cycle fluctuations and output growth in Bulgaria (1999-2018)?," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, issue forthcomi.
    7. Jang-Ting Guo & Kevin J. Lansing, 1998. "Optimal taxation of capital income with imperfectly competitive product markets," Working Papers in Applied Economic Theory 98-04, Federal Reserve Bank of San Francisco.
    8. Jang-Ting Guo & Kevin J. Lansing, 1995. "Optimal taxation of capital income in a growth model with monopoly profits," Working Papers (Old Series) 9510, Federal Reserve Bank of Cleveland.
    9. Zúñiga, Jimena & Capello, Marcelo & Butler, Inés & Grión, Nester, 2013. "A Cycle-Adjusted Fiscal Rule for Sustainable and More Equitable Growth in Argentina," IDB Publications (Working Papers) 4638, Inter-American Development Bank.
    10. Gonzalo Fernandez-de-Cordoba & Jose L Torres, 2011. "The Transitory VAT Cut in the UK: A Dynamic General Equilibrium Analysis," Economic Issues Journal Articles, Economic Issues, vol. 16(1), pages 1-18, March.
    11. Baltasar Manzano & Jesús Ruiz, 2002. "Política Fiscal Óptima: el estado de la Cuestión," Documentos de Trabajo del ICAE 0212, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Instituto Complutense de Análisis Económico.
    12. Fernández, Esther & Pérez, Rafaela & Ruiz, Jesús, 2010. "Double dividend, dynamic Laffer effects and public abatement," Economic Modelling, Elsevier, vol. 27(3), pages 656-665, May.
    13. Sakkas, Stelios & Varthalitis, Petros, 2018. "The (intertemporal) equity-efficiency trade-off of fiscal consolidation," MPRA Paper 90983, University Library of Munich, Germany.
    14. Fernández-de-Córdoba, Gonzalo & Torres, José L., 2012. "Fiscal harmonization in the European Union with public inputs," Economic Modelling, Elsevier, vol. 29(5), pages 2024-2034.

  51. Jang-Ting Guo & Kevin J. Lansing, 1994. "Tax structure, optimal fiscal policy, and the business cycle," Economic Review, Federal Reserve Bank of Cleveland, vol. 30(Q IV), pages 2-14.

    Cited by:

    1. Jones, John Bailey, 2002. "Has fiscal policy helped stabilize the postwar U.S. economy?," Journal of Monetary Economics, Elsevier, vol. 49(4), pages 709-746, May.

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