Indeterminacy and fiscal policies in a growing economy
Article Abstract:
The dynamic properties of a standard one-sector model of endogenous growth with inelastic labor supply, in which capital taxes are used to finance public production and consumption services, are studied. The conditions for multiple balanced growth paths, with indeterminacy of transitional dynamics are established within the second-best set up.
Publisher: Elsevier B.V.
Publication Name: Journal of Economic Dynamics & Control
Subject: Economics
ISSN: 0165-1889
Year: 2004
United States, Public Finance Activities, Forecasts, trends, outlooks, Fiscal Policy, Forecasts and trends, Market trend/market analysis, Labor market, Labour market
Publication Name: Journal of Economic Dynamics & Control
Subject: Economics
ISSN: 0165-1889
Year: 2004
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Representative agent meets class structure: imperfect competition and the balanced-budget multiplier
Article Abstract:
Usage of Kaleckian approach to model class structure in economics, based on effect of imperfect competition on fiscal multiplier, is described.
Publisher: Academic Press Ltd.
Publication Name: Cambridge Journal of Economics
Subject: Economics
ISSN: 0309-166X
Year: 2006
United Kingdom, Science & research, Economics, Research and Development in the Social Sciences and Humanities, Research, Models, Usage, Evaluation, Competition (Economics), Tax and expenditure limitations, Economic theory
Publication Name: Cambridge Journal of Economics
Subject: Economics
ISSN: 0309-166X
Year: 2006
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Subjects list: Analysis, Economic development
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