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Balanced-Budget Rules, Distortionary Taxes, and Aggregate Instability

Citations

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Cited by:

  1. Guo, Jang-Ting & Lansing, Kevin J., 1998. "Indeterminacy and Stabilization Policy," Journal of Economic Theory, Elsevier, vol. 82(2), pages 481-490, October.
  2. Nicola Acocella & Laura Bisio & Giovanni Di Bartolomeo & Alessandra Pelloni, "undated". "Labor market imperfections, real wage rigidities and financial shocks," Working Papers 80/11, Sapienza University of Rome, Metodi e Modelli per l'Economia, il Territorio e la Finanza MEMOTEF.
  3. Heer, Burkhard & Polito, Vito & Wickens, Michael R., 2020. "Population aging, social security and fiscal limits," Journal of Economic Dynamics and Control, Elsevier, vol. 116(C).
  4. 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.
  5. Andres, Javier & Domenech, Rafael & Fatas, Antonio, 2008. "The stabilizing role of government size," Journal of Economic Dynamics and Control, Elsevier, vol. 32(2), pages 571-593, February.
  6. Vasilev, Aleksandar, 2013. "Fiscal policy in a Real-Business-Cycle model with labor-intensive government services and endogenous public sector wages and hours," EconStor Preprints 142338, ZBW - Leibniz Information Centre for Economics.
  7. Loisel, Olivier, 2021. "The implementation of stabilization policy," Theoretical Economics, Econometric Society, vol. 16(2), May.
  8. Eugenio J. Miravete & Katja Seim & Jeff Thurk, 2018. "Market Power and the Laffer Curve," Econometrica, Econometric Society, vol. 86(5), pages 1651-1687, September.
  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. 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.
  11. Thomas Seegmuller, 2005. "Steady state analysis and endogenous fluctuations in a finance constrained model," Cahiers de la Maison des Sciences Economiques v05029, Université Panthéon-Sorbonne (Paris 1).
  12. 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.
  13. Ludger Linnemann & Andreas Schabert, 2010. "Debt Nonneutrality, Policy Interactions, And Macroeconomic Stability," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 51(2), pages 461-474, May.
  14. Dufourt, Frédéric & Lloyd-Braga, Teresa & Modesto, Leonor, 2009. "Expected Inflation, Sunspots Equilibria and Persistent Unemployment Fluctuations," IZA Discussion Papers 4302, Institute of Labor Economics (IZA).
  15. 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.
  16. Maxime Menuet & Alexandru Minea & Patrick Villieu, 2019. "The Peril of Fiscal Rules," Post-Print hal-02314996, HAL.
  17. Nigar Hashimzade & Salvador Ortigueira, 2004. "Endogenous Business Cycle with Search in the Labour Market," Money Macro and Finance (MMF) Research Group Conference 2004 78, Money Macro and Finance Research Group.
  18. Bosi, Stefano & Seegmuller, Thomas, 2010. "On the role of progressive taxation in a Ramsey model with heterogeneous households," Journal of Mathematical Economics, Elsevier, vol. 46(6), pages 977-996, November.
  19. Boucekkine, Raouf & Nishimura, Kazuo & Venditti, Alain, 2015. "Introduction to financial frictions and debt constraints," Journal of Mathematical Economics, Elsevier, vol. 61(C), pages 271-275.
  20. Stefano Bosi & David Desmarchelier, 2016. "Are the Laffer curve and the Green Paradox mutually exclusive?," Working Papers hal-04141602, HAL.
  21. Leith, Campbell & von Thadden, Leopold, 2008. "Monetary and fiscal policy interactions in a New Keynesian model with capital accumulation and non-Ricardian consumers," Journal of Economic Theory, Elsevier, vol. 140(1), pages 279-313, May.
  22. Long, Xin & Pelloni, Alessandra, 2017. "Factor income taxation in a horizontal innovation model," Journal of Public Economics, Elsevier, vol. 154(C), pages 137-159.
  23. Yuting Bai & Tatiana Kirsanova, 2013. "Infrequent Fiscal Stabilization," Working Papers 2013_01, Business School - Economics, University of Glasgow.
  24. Chryssi Giannitsarou, 2007. "Balanced Budget Rules and Aggregate Instability: The Role of Consumption Taxes," Economic Journal, Royal Economic Society, vol. 117(523), pages 1423-1435, October.
  25. Le Riche, Antoine, 2022. "Balanced-budget fiscal rules and money growth pegging," Journal of Macroeconomics, Elsevier, vol. 73(C).
  26. Nikolaos Kokonas & Paulo Santos Monteiro, 2023. "Self-fulfilling labor wedge fluctuations and unemployment insurance," Discussion Papers 2313, Centre for Macroeconomics (CFM).
  27. Fujio Takata, 2015. "Two Movement Patterns under the Balanced Budget Rule |Further Results," Discussion Papers 1510, Graduate School of Economics, Kobe University.
  28. Ben-Gad, Michael, 2003. "Fiscal policy and indeterminacy in models of endogenous growth," Journal of Economic Theory, Elsevier, vol. 108(2), pages 322-344, February.
  29. Sergey Slobodyan, 2004. "One Sector Models, Indeterminacy, and Productive Public Spending," Computing in Economics and Finance 2004 314, Society for Computational Economics.
  30. 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.
  31. Charles T. Carlstrom & Timothy S. Fuerst, 2001. "Real Indeterminacy in Monetary Models with Nominal Interest Rate Distortions," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 4(4), pages 767-789, October.
  32. Matilda Baret & Maxime Menuet, 2024. "Fiscal and Environmental Sustainability: Is Public Debt Environmentally Friendly?," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 87(6), pages 1497-1520, June.
  33. 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.
  34. 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.
  35. Javier Andrés & Rafael Doménech & Campbell Leith, 2006. "Fiscal Policy, Macroeconomic Stability And Finite Horizons," Scottish Journal of Political Economy, Scottish Economic Society, vol. 53(1), pages 72-89, February.
  36. Atsuo Utaka, 2003. "Income Tax and Endogenous Business Cycles," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 5(1), pages 135-145, January.
  37. Mauro Bambi & Alain Venditti, 2021. "Time‐varying consumption tax, productive government spending, and aggregate instability," International Journal of Economic Theory, The International Society for Economic Theory, vol. 17(2), pages 190-215, June.
  38. 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.
  39. Panagiotis Chronis & Aspassia Strantzalou, 2008. "Monetary and Fiscal Policy Interaction: What is the Role of the Transaction Cost of the Tax System in Stabilisation Policies?," Working Papers 71, Bank of Greece.
  40. Marta Aloi & Hans Jorgen Jacobsen & Teresa Lloyd Braga, 1998. "Endogenous business cycles and stabilization policies," Economics Working Papers 476, Department of Economics and Business, Universitat Pompeu Fabra, revised Jun 2000.
  41. Wen, Yi, 2001. "Understanding self-fulfilling rational expectations equilibria in real business cycle models," Journal of Economic Dynamics and Control, Elsevier, vol. 25(8), pages 1221-1240, August.
  42. Mr. Evan C Tanner, 2003. "Fiscal Rules and Countercyclical Policy: Frank Ramsey Meets Gramm-Rudman-Hollings," IMF Working Papers 2003/220, International Monetary Fund.
  43. Kazuo Nishimura & Carine Nourry & Thomas Seegmuller & Alain Venditti, 2013. "Destabilizing balanced-budget consumption taxes in multi-sector economies," International Journal of Economic Theory, The International Society for Economic Theory, vol. 9(1), pages 113-130, March.
  44. 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.
  45. Tanner, Evan, 2004. "Fiscal rules and countercyclical policy: Frank Ramsey meets Gramm-Rudman-Hollings," Journal of Policy Modeling, Elsevier, vol. 26(6), pages 719-731, September.
  46. Chen, Yan & Zhang, Yan, 2010. "Externalities, income taxes and indeterminacy in OLG models," MPRA Paper 22370, University Library of Munich, Germany.
  47. 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.
  48. Jang‐Ting Guo & Yan Zhang, 2022. "Macroeconomic stability under balanced‐budget rules and no‐income‐effect preferences," Pacific Economic Review, Wiley Blackwell, vol. 27(1), pages 3-17, February.
  49. Vasilev, Aleksandar, 2013. "On the cost of rent-seeking by government bureaucrats in a Real-Business-Cycle framework," SIRE Discussion Papers 2013-84, Scottish Institute for Research in Economics (SIRE).
  50. Renzo Orsi & Davide Raggi & Francesco Turino, 2014. "Size, Trend, and Policy Implications of the Underground Economy," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 17(3), pages 417-436, July.
  51. Fujio Takata, 2018. "The Conditions for Indeterminacy in Two Types of Balanced Budget Rules - Reconsidered," Discussion Papers 1806, Graduate School of Economics, Kobe University.
  52. Andreas Schabert & Leopold Von Thadden, 2009. "Distortionary Taxation, Debt, and the Price Level," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 41(1), pages 159-188, February.
  53. 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.
  54. Guo, Jang-Ting & Zhang, Yan, 2022. "Balanced-budget rules and macroeconomic stability with overlapping generations," Journal of Macroeconomics, Elsevier, vol. 74(C).
  55. Xin Wang & Yi Wen, 2019. "Macroeconomic effects of government spending in China," Pacific Economic Review, Wiley Blackwell, vol. 24(3), pages 416-446, August.
  56. Alessandro Piergallini & Giorgio Rodano, 2012. "Public Debt, Distortionary Taxation, and Monetary Policy," Rivista italiana degli economisti, Società editrice il Mulino, issue 2, pages 225-248.
  57. Daney, Valdivia & Marcelo, Montegro, 2011. "Boosting cycles and Stabilization effects of Fiscal Rules," MPRA Paper 32115, University Library of Munich, Germany.
  58. 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.
  59. Zvi Hercowitz & Michel Strawczynski, 1998. "On The Cyclical Bias In Government Spending," Bank of Israel Working Papers 1998.06, Bank of Israel.
  60. 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.
  61. Charles T. Carlstrom & Timothy S. Fuerst, 2002. "Optimal Monetary Policy in a Small, Open Economy: A General Equilibrium Analysis," Central Banking, Analysis, and Economic Policies Book Series, in: Norman Loayza & Klaus Schmidt-Hebbel & Norman Loayza (Series Editor) & Klaus Schmidt-Hebbel (Series (ed.),Monetary Policy: Rules and Transmission Mechanisms, edition 1, volume 4, chapter 10, pages 275-298, Central Bank of Chile.
  62. Gliksberg, Baruch, "undated". "A Fixed-Point Theory of Price Level Determination in General Equilibrium," Working Papers WP2014/3, University of Haifa, Department of Economics.
  63. 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.
  64. Aurélien Saidi, 2008. "Balanced-Budget Rule, distortionary taxes and Aggregate Instability: A Comment," EconomiX Working Papers 2008-44, University of Paris Nanterre, EconomiX.
  65. Burda Michael C. & Weder Mark, 2002. "Complementarity of Labor Market Institutions, Equilibrium Unemployment and the Propagation of Business Cycles," German Economic Review, De Gruyter, vol. 3(1), pages 1-24, February.
  66. Alex Clymo & Andrea Lanteri & Alessandro Villa, 2023. "Capital and Labor Taxes with Costly State Contingency," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 51, pages 943-964, December.
  67. Long Xin & Pelloni Alessandra, 2011. "Welfare improving taxation on savings in a growth model," wp.comunite 0091, Department of Communication, University of Teramo.
  68. Marchiori, Luca & Pierrard, Olivier, 2018. "Unlocking the gates of paradise: General equilibrium effects of information exchange," Journal of Economic Dynamics and Control, Elsevier, vol. 87(C), pages 152-172.
  69. Angelopoulos, Konstantinos & Fernandez, Bernardo X. & Malley, James R., 2010. "The Distributional Consequences of Supply-Side Reforms in General Equilibrium," SIRE Discussion Papers 2010-85, Scottish Institute for Research in Economics (SIRE).
  70. Rieth, Malte, 2014. "Myopic governments and welfare-enhancing debt limits," Journal of Economic Dynamics and Control, Elsevier, vol. 38(C), pages 250-265.
  71. Fujio Takata, 2020. "The Appearance of Indeterminacy Paths-An Economy with the Balanced Budget Rule and without Depreciation," Discussion Papers 2001, Graduate School of Economics, Kobe University.
  72. Guo, Jang-Ting, 1999. "Multiple equilibria and progressive taxation of labor income," Economics Letters, Elsevier, vol. 65(1), pages 97-103, October.
  73. Ludger Linnemann, 2004. "Tax Base and Crowding‐in Effects of Balanced Budget Fiscal Policy," Scandinavian Journal of Economics, Wiley Blackwell, vol. 106(2), pages 273-297, June.
  74. Maxime MENUET & Alexandru MINEA & Patrick VILLIEU & Anastasios XEPAPADEAS, 2021. "Growth, Endogenous Environmental Cycles, and Indeterminacy," LEO Working Papers / DR LEO 2889, Orleans Economics Laboratory / Laboratoire d'Economie d'Orleans (LEO), University of Orleans.
  75. Abad, Nicolas & Venditti, Alain, 2021. "A Note On Balanced-Budget Income Taxes And Aggregate (In)Stability In Multi-Sector Economies," Macroeconomic Dynamics, Cambridge University Press, vol. 25(3), pages 824-843, April.
  76. 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.
  77. Mr. Hyun Park, 2006. "Expenditure Composition and Distortionary Tax for Equitable Economic Growth," IMF Working Papers 2006/165, International Monetary Fund.
  78. 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.
  79. 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.
  80. Eggoh, Jude C. & Villieu, Patrick, 2014. "A simple endogenous growth model of financial intermediation with multiplicity and indeterminacy," Economic Modelling, Elsevier, vol. 38(C), pages 357-366.
  81. Qinglai Meng & Andres Velasco, 1999. "Can Capital Mobility be Destabilizing?," NBER Working Papers 7263, National Bureau of Economic Research, Inc.
  82. 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.
  83. 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.
  84. Fujisaki, Seiya, 2016. "Equilibrium Determinacy and Policy Rules : Role of Productive Money and Government Expenditure," MPRA Paper 69834, University Library of Munich, Germany.
  85. Perli, Roberto, 1998. "Increasing returns, home production and persistence of business cycles," Journal of Economic Dynamics and Control, Elsevier, vol. 22(4), pages 519-543, April.
  86. Kevin X. D. Huang & Qinglai Meng & Jianpo Xue, 2019. "Money growth targeting and indeterminacy in small open economies," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 68(3), pages 499-535, October.
  87. David R. Stockman and Brian E. Raines, 2008. "Euler Equation Branching," Working Papers 08-26, University of Delaware, Department of Economics.
  88. Yi Wen & Xin Wang, 2013. "Multiplier Effects of Government Spending: A Tale of China," 2013 Meeting Papers 214, Society for Economic Dynamics.
  89. 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.
  90. Christiano, Lawrence J. & G. Harrison, Sharon, 1999. "Chaos, sunspots and automatic stabilizers," Journal of Monetary Economics, Elsevier, vol. 44(1), pages 3-31, August.
  91. Julien, Ludovic A., 2009. "Conjectural variations, symmetric equilibria and economic policy," Economic Modelling, Elsevier, vol. 26(5), pages 1115-1120, September.
  92. Maxime Menuet & Alexandru Minea & Patrick Villieu & Anastasios Xepapadeas, 2020. "Economic Growth and the Environment: A Theoretical Reappraisal," DEOS Working Papers 2031, Athens University of Economics and Business.
  93. Maik Heinemann, 2003. "Indeterminacy and interest rate rules: The role of fiscal policy," Computing in Economics and Finance 2003 55, Society for Computational Economics.
  94. 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.
  95. Ludovic JULIEN, 2008. "Market power, the multiplier and economic policy under oligopolistic competition," Economics Bulletin, AccessEcon, vol. 4(29), pages 1-8.
  96. 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.
  97. Trabandt, Mathias & Uhlig, Harald, 2006. "How far are we from the slippery slope? The Laffer curve revisited," SFB 649 Discussion Papers 2006-023, Humboldt University Berlin, Collaborative Research Center 649: Economic Risk.
  98. repec:ebl:ecbull:v:5:y:2003:i:10:p:1-7 is not listed on IDEAS
  99. 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.
  100. 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.
  101. Stephane Pallage & Michel A. Robe, 2002. "The States vs. the states: On the Welfare Cost of Business Cycles in the U.S," Cahiers de recherche du Département des sciences économiques, UQAM 20-17, Université du Québec à Montréal, Département des sciences économiques, revised Oct 2002.
  102. Andrea Ferrero, 2012. "The Advantage of Flexible Targeting Rules," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 44(5), pages 863-881, August.
  103. Lloyd-Braga, Teresa & Modesto, Leonor & Seegmuller, Thomas, 2014. "Market distortions and local indeterminacy: A general approach," Journal of Economic Theory, Elsevier, vol. 151(C), pages 216-247.
  104. Linnemann, Ludger, 2008. "Balanced budget rules and macroeconomic stability with non-separable utility," Journal of Macroeconomics, Elsevier, vol. 30(1), pages 199-215, March.
  105. Matteo F. Ghilardi & Raffaele Rossi, 2014. "Aggregate Stability and Balanced‐Budget Rules," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 46(8), pages 1787-1809, December.
  106. Linnemann, Ludger, 2006. "Interest rate policy, debt, and indeterminacy with distortionary taxation," Journal of Economic Dynamics and Control, Elsevier, vol. 30(3), pages 487-510, March.
  107. Milesi-Ferretti, Gian Maria, 2004. "Good, bad or ugly? On the effects of fiscal rules with creative accounting," Journal of Public Economics, Elsevier, vol. 88(1-2), pages 377-394, January.
  108. Cipriani, Giam Pietro & Makris, Miltiadis, 2007. "Indeterminacy, intergenerational redistribution, endogenous longevity and human capital accumulation," Journal of Economic Dynamics and Control, Elsevier, vol. 31(2), pages 613-633, February.
  109. Menichini, Amilcar A., 2020. "How do firm characteristics affect the corporate income tax revenue?," International Review of Economics & Finance, Elsevier, vol. 65(C), pages 146-162.
  110. 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.
  111. Trabandt, Mathias & Uhlig, Harald, 2011. "The Laffer curve revisited," Journal of Monetary Economics, Elsevier, vol. 58(4), pages 305-327.
  112. Jess Benhabib & Stefano Eusepi, 2005. "The design of monetary and fiscal policy: a global perspective," Proceedings, Federal Reserve Bank of San Francisco.
  113. Chryssi Giannitsarou & Alexia Anagnostopoulos, 2005. "Modeling Time and Macroeconomic Dynamics," Money Macro and Finance (MMF) Research Group Conference 2005 60, Money Macro and Finance Research Group.
  114. Kaiji Chen & Ayşe İmrohoroğlu, 2017. "Debt in the US economy," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 64(4), pages 675-706, December.
  115. Stockman, David R., 2011. "Chaos and capacity utilization under increasing returns to scale," Journal of Economic Behavior & Organization, Elsevier, vol. 77(2), pages 147-162, February.
  116. Micheli, Martin, 2020. "Aggregate stability under a budget rule and labor mobility," Economic Modelling, Elsevier, vol. 93(C), pages 510-519.
  117. 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.
  118. 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.
  119. Schmitt-Grohe, Stephanie & Uribe, Martin, 2000. "Price level determinacy and monetary policy under a balanced-budget requirement," Journal of Monetary Economics, Elsevier, vol. 45(1), pages 211-246, February.
  120. Grossmann, Volker, 2007. "How to promote R&D-based growth? Public education expenditure on scientists and engineers versus R&D subsidies," Journal of Macroeconomics, Elsevier, vol. 29(4), pages 891-911, December.
  121. Nourry, Carine & Seegmuller, Thomas & Venditti, Alain, 2013. "Aggregate instability under balanced-budget consumption taxes: A re-examination," Journal of Economic Theory, Elsevier, vol. 148(5), pages 1977-2006.
  122. 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.
  123. Mohanad Ismael, 2010. "Progressive income taxes and macroeconomic instability," Documents de recherche 10-13, Centre d'Études des Politiques Économiques (EPEE), Université d'Evry Val d'Essonne.
  124. Bom, Pedro R.D., 2019. "Fiscal rules and the intergenerational welfare effects of public investment," Economic Modelling, Elsevier, vol. 81(C), pages 455-470.
  125. 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.
  126. 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).
  127. Paulo Brito, 2017. "Government Debt, Fiscal Rules and Singular Growth Dynamics," Dynamic Modeling and Econometrics in Economics and Finance, in: Bettina Bökemeier & Alfred Greiner (ed.), Inequality and Finance in Macrodynamics, pages 43-74, Springer.
  128. 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.
  129. Mark Weder, 2004. "Taylor Rules: intercepting expectations," Money Macro and Finance (MMF) Research Group Conference 2003 110, Money Macro and Finance Research Group.
  130. 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.
  131. Hyeon O. Lee & Hyun Park, 2015. "Indeterminate Balanced Growth under Habit Persistence and Fiscal Policies," International Economic Journal, Taylor & Francis Journals, vol. 29(2), pages 259-284, June.
  132. Slobodyan, Sergey, 2005. "Indeterminacy, sunspots, and development traps," Journal of Economic Dynamics and Control, Elsevier, vol. 29(1-2), pages 159-185, January.
  133. Teresa Lloyd‐Braga & Leonor Modesto & Thomas Seegmuller, 2008. "Tax Rate Variability and Public Spending as Sources of Indeterminacy," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 10(3), pages 399-421, June.
  134. Meng, Qinglai & Velasco, Andres, 2004. "Market imperfections and the instability of open economies," Journal of International Economics, Elsevier, vol. 64(2), pages 503-519, December.
  135. Gokan, Yoichi, 2006. "Dynamic effects of government expenditure in a finance constrained economy," Journal of Economic Theory, Elsevier, vol. 127(1), pages 323-333, March.
  136. Maxime Menuet & Alexandru Minea & Patrick Villieu, 2019. "Budget Rules, Distortionnary Taxes, and Aggregate Instability: A reappraisal," Working Papers hal-02153856, HAL.
  137. Bernd Hayo & Florian Neumeier, 2016. "The debt brake in the eyes of the German population," International Economics and Economic Policy, Springer, vol. 13(1), pages 139-159, January.
  138. Loisel, Olivier, 2024. "Stabilization policy and lags," Journal of Mathematical Economics, Elsevier, vol. 111(C).
  139. 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.
  140. 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.
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