Sequential Equilibria in a Ramsey Tax Model

DOI10.1111/1468-0262.00255MaRDI QIDQ4531041zbMATH OpenOpenAlexFDO

Authors Christopher Phelan, Ennio Stacchetti

Publication date 28 May 2002

Published in Econometrica (Search for Journal in Brave)

Copyright license Creative Commons Attribution-NonCommercial 4.0 International

Full work available at URL https://doi.org/10.1111/1468-0262.00255

zbMATH Keywords

capital taxationrecursive methodsgovernment credibilitytime consistent government policy

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Dynamic programming (90C39) Games with infinitely many players (91A07)

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Cited in

(31)

• Conditional Markov equilibria in discounted dynamic games
• Taxation without commitment
• Markov-perfect capital and labor taxes
• Stationary Markovian equilibrium in altruistic stochastic OLG models with limited commitment
• Recursive equilibrium in Krusell and Smith (1998)
• A strategic dynamic programming method for studying short-memory equilibria of stochastic games with uncountable number of states
• On the computation of value correspondences for dynamic games
• On the recursive saddle point method
• Preface: Special issue on dynamic games in macroeconomics
• The time-inconsistency problem of labor taxes and constitutional constraints
• Solving dynamic public insurance games with endogenous agent distributions: theory and computational approximation
• Agency-based asset pricing
• Do taxspots matter? A study of optimal tax uncertainty
• Restricted feedback in long term relationships
• Differentiability of the value function without interiority assumptions
• Public debt and optimal taxes without commitment
• Recursive monetary policy games with incomplete information
• A constructive geometrical approach to the uniqueness of Markov stationary equilibrium in stochastic games of intergenerational altruism
• scientific article; zbMATH DE number 4079127 (Why is no real title available?)
• Elementary subpaths in discounted stochastic games
• Optimal Ramsey taxation with endogenous risk aversion
• Dynamic general equilibrium tax models with adjustment costs
• Numerical simulation of nonoptimal dynamic equilibrium models
• Optimal taxation with endogenously incomplete debt markets
• Credible forward guidance
• Optimal monetary policy in a collateralized economy
• Stochastic games
• A constructive study of Markov equilibria in stochastic games with strategic complementarities
• Social discounting and incentive compatible fiscal policy
• Robust predictions in dynamic policy games
• Sustaining Ramsey plans with one-period bonds

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