Balanced-budget consumption taxes and aggregate stability in a small open economy

DOI10.1016/J.ECONLET.2015.11.003MaRDI QIDQ1667964zbMATH OpenOpenAlexWikidataFDO

Authors Qinglai Meng, Jianpo Xue

Publication date 31 August 2018

Published in Economics Letters (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.econlet.2015.11.003

zbMATH Keywords

balanced-budget rulesconsumption taxesindeterminacysmall open economy

Mathematics Subject Classification ID

Special types of economic markets (including Cournot, Bertrand) (91B54) Macroeconomic theory (monetary models, models of taxation) (91B64)

Recommendations

• Aggregate instability under balanced-budget consumption taxes: a re-examination
• Destabilizing balanced-budget consumption taxes in multi-sector economies
• Balanced-budget rules and macroeconomic (in)stability
• Ramsey policies in a small open economy with sticky prices and capital
• The failure of stabilization policy: balanced-budget fiscal rules in the presence of incompressible public expenditures

Cites work

• Aggregate instability under balanced-budget consumption taxes: a re-examination
• Balanced-budget rules and macroeconomic (in)stability
• Destabilizing balanced-budget consumption taxes in multi-sector economies
• Impatience and long-run growth
• Indeterminacy in a small open economy Ramsey growth model
• Indeterminacy in a small open economy with endogenous labor supply
• Preferences, endogenous discount rate, and indeterminacy in a small open economy model
• Understanding self-fulfilling rational expectations equilibria in real business cycle models

Cited in

(7)

• Theory of tax smoothing in the small open economy
• Progressive consumption tax and monetary policy in an endogenous growth model
• Aggregate instability under balanced-budget consumption taxes: a re-examination
• Destabilizing balanced-budget consumption taxes in multi-sector economies
• Balanced‐budget rules: Local indeterminacy and bifurcations
• Time‐varying consumption tax, productive government spending, and aggregate instability
• Ramsey policies in a small open economy with sticky prices and capital

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