IDEAS home Printed from https://ideas.repec.org/h/spr/sptchp/978-3-030-67557-8_5.html
   My bibliography  Save this book chapter

Fiscal Policy in the Overlapping-Generations ModelOverlapping-generations model

In: The Macroeconomics of Corruption

Author

Listed:
  • Maksym Ivanyna

    (Joint Vienna Institute)

  • Alex Mourmouras

    (IMF)

  • Peter Rangazas

    (IUPUI Economics)

Abstract

In this chapter we introduce several different features of fiscal policy into the overlapping-generations model, including taxes and transfers, government purchases of both consumption services and public capital, and government borrowing. A major objective in this chapter is to examine how fiscal policy affects private capital formation and economic growth. As suggested in Chap. 4 , introducing public capital investment, first encountered in Chap. 2 , is essential to build a more complete and accurate explanation of modern growth. The chapter also includes a discussion of the causes and the consequences of the fiscal crisis facing developed countries around the world. As discussed in Chaps. 2 and 3 , both economic fundamentals and politics have contributed to the emergence of the fiscal crisis. The fiscal policy additions to the growth model of Chap. 4 provide the needed theoretical foundation to understand the Big Three economic problems of the 21st century that were introduced in Chap. 1 and that will be analyzed further in Chap. 8 .

Suggested Citation

  • Maksym Ivanyna & Alex Mourmouras & Peter Rangazas, 2021. "Fiscal Policy in the Overlapping-Generations ModelOverlapping-generations model," Springer Texts in Business and Economics, in: The Macroeconomics of Corruption, edition 2, chapter 0, pages 151-184, Springer.
    • Handle: RePEc:spr:sptchp:978-3-030-67557-8_5
    DOI: 10.1007/978-3-030-67557-8_5
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:sptchp:978-3-030-67557-8_5. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.