Sequential Equilibria in a Ramsey Tax Model

DOI10.1111/1468-0262.00255zbMATH Open1019.91031OpenAlexW2144820935MaRDI QIDQ4531041FDOQ4531041

Authors: Christopher Phelan, Ennio Stacchetti 

Publication date: 28 May 2002

Published in: Econometrica (Search for Journal in Brave)

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

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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)

Cited In (31)

• Conditional Markov equilibria in discounted dynamic games
• Taxation without commitment
• Markov-perfect capital and labor taxes
• Recursive equilibrium in Krusell and Smith (1998)
• Stationary Markovian equilibrium in altruistic stochastic OLG models with limited commitment
• 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
• Title not available (Why is that?)
• Optimal Ramsey taxation with endogenous risk aversion
• Elementary subpaths in discounted stochastic games
• Dynamic general equilibrium tax models with adjustment costs
• Numerical simulation of nonoptimal dynamic equilibrium models
• Credible forward guidance
• Optimal taxation with endogenously incomplete debt markets
• Stochastic games
• Optimal monetary policy in a collateralized economy
• A constructive study of Markov equilibria in stochastic games with strategic complementarities
• Robust predictions in dynamic policy games
• Social discounting and incentive compatible fiscal policy
• Sustaining Ramsey plans with one-period bonds

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