Sectoral composition of government spending, distortionary income taxation, and macroeconomic (in)stability

DOI10.1111/IJET.12203MaRDI QIDQ5225005zbMATH OpenOpenAlexWikidataFDO

Authors Juin-jen Chang, Jang-Ting Guo, Jhy-Yuan Shieh, Wei-Neng Wang

Publication date 25 July 2019

Published in International Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1111/ijet.12203

zbMATH Keywords

government spendingequilibrium (in)determinacydistortionary income taxation

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Multisectoral models in economics (91B66)

Recommendations

• Progressive taxation and macroeconomic (in)stability with productive government spending
• Balanced-budget rules and macroeconomic (in)stability
• Destabilizing balanced-budget consumption taxes in multi-sector economies
• Progressive taxation and macroeconomic stability in two-sector models with social constant returns
• 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
• Dynamic effects of government expenditure in a finance constrained economy
• Income taxes and endogenous fluctuations: a generalization
• Increasing returns and unsynchronized wage adjustment in sunspot models of the business cycle
• Indeterminacy and increasing returns
• Indeterminacy and period length under balanced budget rules
• Indeterminacy and stabilization policy
• Indeterminacy in a model with sector-specific externalities
• Progressive taxation and macroeconomic (in)stability with productive government spending
• Progressive taxation as an automatic destabilizer under endogenous growth
• Real business cycles and the animal spirits hypothesis

Cited in

(4)

• Aggregate instability under balanced-budget consumption taxes: a re-examination
• Progressive taxation and macroeconomic (in)stability with productive government spending
• Destabilizing balanced-budget consumption taxes in multi-sector economies
• Balanced-budget rules and macroeconomic (in)stability

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