Fiscal policy, debt constraint and expectations-driven volatility

DOI10.1016/J.JMATECO.2015.09.003zbMATH Open1368.91158OpenAlexW2157053527MaRDI QIDQ898700FDOQ898700

Authors: Kazuo Nishimura, Thomas Seegmuller, Alain Venditti 

Publication date: 18 December 2015

Published in: Journal of Mathematical Economics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jmateco.2015.09.003

Recommendations

• Public debt and fiscal policy traps
• The failure of stabilization policy: balanced-budget fiscal rules in the presence of incompressible public expenditures
• On the (de)stabilizing effect of public debt in a Ramsey model with heterogeneous agents
• The determination of public debt under both aggregate and idiosyncratic uncertainty
• Growth and instability in a small open economy with debt

zbMATH Keywords

indeterminacypublic debtendogenous cyclesincome taxation

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Economic growth models (91B62)

Cites Work

• Capital-labor substitution and competitive nonlinear endogenous business cycles
• Indeterminacy and stabilization policy
• Market distortions and local indeterminacy: a general approach
• Micro and macro elasticities in a life cycle model with taxes
• Aggregate instability under balanced-budget consumption taxes: a re-examination
• Persistent deficit, growth, and indeterminacy
• Debt policy rule, productive government spending, and multiple growth paths: a note
• DEBT POLICY RULE, PRODUCTIVE GOVERNMENT SPENDING, AND MULTIPLE GROWTH PATHS
• On the (de)stabilizing effect of public debt in a Ramsey model with heterogeneous agents

Cited In (11)

• Advances in growth and macroeconomic dynamics: \textit{in memory of Carine Nourry}
• On the (de)stabilization role of protectionism
• Fiscal policy rules and the sustainability of public debt in Europe
• A model of fiscal dominance under the ``Reinhart conjecture
• Introduction to financial frictions and debt constraints
• Fiscal policy in debt constrained economies
• Comparing recursive equilibrium in economies with dynamic complementarities and indeterminacy
• Fiscal Policy in an Expectations-Driven Liquidity Trap
• Can fiscal decentralization alleviate government consumption volatility?
• Growth and instability in a small open economy with debt
• Fifty years of mathematical growth theory: classical topics and new trends

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