ACL-3International audienceWe examine the impact of balanced-budget consumption taxes on the existence of expectations-driven business cycles in two-sector economies with infinitely-lived households. We prove that, whatever the relative capital intensity difference across sectors, aggregate instability can occur if the consumption tax rate is not too low. Moreover, we show through a numerical exercise based on empirically plausible tax rates that endogenous business-cycle fluctuations may be a source of instability for all OECD countries, including the US
International audienceIn this paper we investigate if government balanced-budget rules together with...
This paper examines the stabilizing property of consumption taxation in a balanced-budget setting of...
International audienceWe examine the impact of balanced-budget labor income taxes on the existence o...
ACL-3International audienceWe examine the impact of balanced-budget consumption taxes on the existen...
We examine the impact of balanced-budget consumption taxes on the existence of expectations-driven b...
We re-examine the destabilizing role of balanced-budget fiscal policy rules based on consumption tax...
ACL-1International audienceWe re-examine the destabilizing role of balanced-budget fiscal policy rul...
We investigate the role of preferences in the existence of expectation-driven instability under a ba...
The aim of this papier is to investigate how sector-specific tax rates are destabilizing and lead to...
We examine the impact of balanced-budget labor income taxes on the existence of expectation- driven ...
In this paper we investigate if government balanced-budget rules together with endogenous taxation m...
International audienceIn this paper we investigate if government balanced-budget rules together with...
This paper examines the stabilizing property of consumption taxation in a balanced-budget setting of...
International audienceWe examine the impact of balanced-budget labor income taxes on the existence o...
ACL-3International audienceWe examine the impact of balanced-budget consumption taxes on the existen...
We examine the impact of balanced-budget consumption taxes on the existence of expectations-driven b...
We re-examine the destabilizing role of balanced-budget fiscal policy rules based on consumption tax...
ACL-1International audienceWe re-examine the destabilizing role of balanced-budget fiscal policy rul...
We investigate the role of preferences in the existence of expectation-driven instability under a ba...
The aim of this papier is to investigate how sector-specific tax rates are destabilizing and lead to...
We examine the impact of balanced-budget labor income taxes on the existence of expectation- driven ...
In this paper we investigate if government balanced-budget rules together with endogenous taxation m...
International audienceIn this paper we investigate if government balanced-budget rules together with...
This paper examines the stabilizing property of consumption taxation in a balanced-budget setting of...
International audienceWe examine the impact of balanced-budget labor income taxes on the existence o...