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Simulation Studies

In: Public Finance in an Overlapping Generations Economy

Author

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  • Toshihiro Ihori

    (University of Tokyo)

Abstract

This chapter summarizes several simulation studies on tax reform using multi-period overlapping generations models. Based on Summers (1981b), we first formulate a bench mark model in which many generations coexist at any instant. The quantitative relationship between savings and the interest rate is complex and depends on all of the other parameters in the model. Section 2 compares the simulation results of Summers with Evans (1983).

Suggested Citation

  • Toshihiro Ihori, 1996. "Simulation Studies," Palgrave Macmillan Books, in: Public Finance in an Overlapping Generations Economy, chapter 4, pages 73-98, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-38990-8_4
    DOI: 10.1057/9780230389908_4
    as

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