The time-inconsistency problem of labor taxes and constitutional constraints

DOI10.1007/S13235-015-0149-ZMaRDI QIDQ298301zbMATH OpenOpenAlexFDO

Authors Begoña Domínguez, Zhigang Feng

Publication date 20 June 2016

Published in Dynamic Games and Applications (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/s13235-015-0149-z

zbMATH Keywords

time inconsistencyoptimal policyrules versus discretion

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Applications of game theory (91A80) Dynamic games (91A25) Economic growth models (91B62)

Recommendations

• Time consistent taxation by a government with redistributive goals
• Optimal taxes without commitment
• Time-consistent optimal fiscal policy over the business cycle
• Time-Consistent Public Policy
• Public spending and optimal taxes without commitment

Cites work

• Computing Supergame Equilibria
• Intertemporal distortions in the second best
• Numerical simulation of nonoptimal dynamic equilibrium models
• On the computation of value correspondences for dynamic games
• Public debt and optimal taxes without commitment
• Sequential Equilibria in a Ramsey Tax Model
• Sustainable plans and debt
• Time-Consistent Public Policy
• Time-consistent optimal fiscal policy over the business cycle
• Toward a Theory of Discounted Repeated Games with Imperfect Monitoring

Cited in

(1)

• Preface: Special issue on dynamic games in macroeconomics

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