Balanced-budget rules and macroeconomic (in)stability

DOI10.1016/j.jet.2004.02.002zbMath1079.91058OpenAlexW2046035785MaRDI QIDQ705841

Sharon G. Harrison, Jang-Ting Guo

Publication date: 16 February 2005

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

Full work available at URL: https://doi.org/10.1016/j.jet.2004.02.002

zbMATH Keywords

Business cyclesBalanced-budget rulesIndeterminacy

Mathematics Subject Classification ID

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

Related Items (12)

Alternative government financing and aggregate fluctuations driven by self-fulfilling expectations ⋮ Resolving indeterminacy in coordination games: A new approach applied to a pay-as-you-go pension scheme ⋮ Public debt and fiscal policy traps ⋮ Balanced-budget consumption taxes and aggregate stability in a small open economy ⋮ MONETARY RULES AND ENDOGENOUS GROWTH IN AN OPEN ECONOMY ⋮ Balanced‐budget rules: Local indeterminacy and bifurcations ⋮ Factor substitution and taxation in a finance constrained economy ⋮ Progressive taxation and macroeconomic (in)stability with productive government spending ⋮ Balanced-budget rules: chaos and deterministic sunspots ⋮ Free labor mobility and indeterminacy in models of neoclassical growth ⋮ Sectoral composition of government spending, distortionary income taxation, and macroeconomic (in)stability ⋮ Comparing recursive equilibrium in economies with dynamic complementarities and indeterminacy

Cites Work

• Tax distortions in a neoclassical monetary economy
• Indeterminacy and stabilization policy
• Monopolistic competition, business cycles, and the composition of aggregate demand

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