Decentralized policymaking in a long-run growth model with seigniorage and taxes

Article Abstract:

Strategic interactions between the fiscal and monetary authorities were assessed which determine the time path of taxes, seigniorage and long-term growth rate. Such was undertaken by introducing decentralized policy making into a dynamic game-theoretic model with capital accumulation. Results show that growth is positively affected by a higher degree of inflation aversion of the monetary authority. On the other hand, growth is negatively affected by a higher marginal cost of taxation.

Analysis, Economic aspects, Monetary policy, Taxation

---

Debt, Growth and Budgetary Regimes

Article Abstract:

Two budgetary regimes are examined: one involving the public finance golden rule, and one solely involving the standard dynamic government budget constraint. Findings show that optimal fiscal policy for the two regimes differs; other implications are discussed.

Public Finance Activities, Fiscal Policy, Budget Process, Methods, Budget, Budgeting, Comparative analysis

---

Endogenous inflationary finance and long-run growth

Article Abstract:

Research is presented concerning the influence which the financing of budget deficits has on the growth and accumulation of capital. The development of a time-constraint equilibrium through the use of dynamic programming is discussed.

Economics, Research and Development in the Social Sciences and Humanities, Research, Economic development, Finance

Similar abstracts:

• Abstracts: Interest elasticity in a life-cycle model with precautionary savings. Dollarization
• Abstracts: Financial intermediation and growth: causality and causes. Finance and the sources of growth. Bank supervision and corruption in lending
• Abstracts: NAIRU uncertainty and nonlinear policy rules. Trade and exposure
• Abstracts: Backward-looking indexation, credibility and inflation persistence
• Abstracts: The growth of world trade: tariffs, transport costs, and income similarity. Standardization policy and international trade

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.