Intertemporal distortions in the second best

DOI10.1093/RESTUD/RDS014zbMATH Open1405.91419OpenAlexW2145759776MaRDI QIDQ4610550FDOQ4610550

Stefania Albanesi, Roc Armenter

Publication date: 23 January 2019

Published in: Review of Economic Studies (Search for Journal in Brave)

Full work available at URL: http://www.nber.org/papers/w13629.pdf

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zbMATH Keywords

private informationlimited commitmentsecond bestintertemporal distortionsRamsey policiesself-enforcement constraints

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64)

Cited In (4)

• The time-inconsistency problem of labor taxes and constitutional constraints
• The Ramsey steady-state conundrum in heterogeneous-agent economies
• Optimal fiscal policy with labor selection
• Optimal fiscal and monetary policy when money is essential

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