Add to ORKGThis paper examines the role of fiscal policy in the long run. We show that (i) dynamic inefficiency may be empirically relevant in a modified Diamond OLG model with imperfect competition, (ii) fiscal policy may be needed to avoid inefficiency (if investment adjusts passively to saving) and maintain full employment (if investment and saving decisions are taken separately), (iii) a simple and distributionally neutral tax scheme can maintain full employment in the face of variations in \u27household confidence\u27, and (iv) the debt ratio is inversely related to both the growth rate and government consumption
This paper proposes a dynamic politico-economic theory of fiscal policy in a world comprising a set ...
Abstract There is a controversy in the literature about the economic contribution of public deficit....
This paper considers an endogenous growth model with public capital and government debt. In setting ...
This paper examines the role of fiscal policy in the long run. We show that (i) dynamic inefficiency...
Fiscal policy is needed to avoid dynamic inefficiency and maintain full employment in a modified Dia...
In this paper we consider a modified version of Diamond's OLG model. We show, first, that dynamic in...
This paper makes three main points. Fiscal policy, first, may be needed in the long run to maintain ...
This paper analyzes the dynamics of public debt in a simple two-period overlapping-generations model...
The existing theoretical literature on fiscal competition has to a large extent ignored the role of ...
This study examines the effects of fiscal policy on the economy under uncertainty of public debt. Fi...
Greiner A. Public debt, productive public spending and endogenous growth. Working Papers in Economic...
The rst chapter develops an endogenous growth model with public debt and publicly nanced infrastruc...
The aim of this dissertation is to present a simple theoretical framework in order to study the dyna...
How do different levels of government debt affect the optimal conduct of monetary and fiscal policie...
This paper examines the fiscal requirements for continuous full employment. We find that (i) changes...
This paper proposes a dynamic politico-economic theory of fiscal policy in a world comprising a set ...
Abstract There is a controversy in the literature about the economic contribution of public deficit....
This paper considers an endogenous growth model with public capital and government debt. In setting ...
This paper examines the role of fiscal policy in the long run. We show that (i) dynamic inefficiency...
Fiscal policy is needed to avoid dynamic inefficiency and maintain full employment in a modified Dia...
In this paper we consider a modified version of Diamond's OLG model. We show, first, that dynamic in...
This paper makes three main points. Fiscal policy, first, may be needed in the long run to maintain ...
This paper analyzes the dynamics of public debt in a simple two-period overlapping-generations model...
The existing theoretical literature on fiscal competition has to a large extent ignored the role of ...
This study examines the effects of fiscal policy on the economy under uncertainty of public debt. Fi...
Greiner A. Public debt, productive public spending and endogenous growth. Working Papers in Economic...
The rst chapter develops an endogenous growth model with public debt and publicly nanced infrastruc...
The aim of this dissertation is to present a simple theoretical framework in order to study the dyna...
How do different levels of government debt affect the optimal conduct of monetary and fiscal policie...
This paper examines the fiscal requirements for continuous full employment. We find that (i) changes...
This paper proposes a dynamic politico-economic theory of fiscal policy in a world comprising a set ...
Abstract There is a controversy in the literature about the economic contribution of public deficit....
This paper considers an endogenous growth model with public capital and government debt. In setting ...