Markov-Perfect Optimal Fiscal Policy: The Case of Unbalanced Budgets
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- Ortigueira, Salvador & Pereira, Joana & Pichler, Paul, 2012. "Markov-perfect optimal fiscal policy : the case of unbalanced budgets," UC3M Working papers. Economics we1230, Universidad Carlos III de Madrid. Departamento de EconomÃa.
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- Niemann, Stefan, 2011.
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More about this item
Keywords
Optimal taxation; optimal public debt; Markov-perfect equilibrium; Time-consistent policy;All these keywords.
JEL classification:
- E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
- E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
- H21 - Public Economics - - Taxation, Subsidies, and Revenue - - - Efficiency; Optimal Taxation
- H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt
NEP fields
This paper has been announced in the following NEP Reports:- NEP-CBA-2007-11-17 (Central Banking)
- NEP-DGE-2007-11-17 (Dynamic General Equilibrium)
- NEP-MAC-2007-11-17 (Macroeconomics)
- NEP-PUB-2007-11-17 (Public Finance)
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