Optimal time-consistent fiscal policy in an endogenous growth economy with public consumption and capital
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- Novales, Alfonso & Pérez, Rafaela & Ruiz, Jesús, 2014. "Optimal time-consistent fiscal policy in an endogenous growth economy with public consumption and capital," Journal of Macroeconomics, Elsevier, vol. 42(C), pages 104-117.
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- Novales, Alfonso & Pérez, Rafaela & Ruiz, Jesus, 2014.
"Optimal time-consistent fiscal policy under endogenous growth with elastic labor supply,"
Elsevier, vol. 42(C), pages 398-412.
- Alfonso Novales Cinca & Rafaela Pérez Sánchez & Jesús Rúiz Andújar, 2013. "Optimal time-consistent fiscal policy under endogenous growth with elastic labour supply," Documentos de Trabajo del ICAE 2013-24, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Instituto Complutense de Análisis Económico.
More about this item
KeywordsTime-consistency; Markov-perfect optimal policy; Ramsey optimal policy; Endogenous growth; Income tax rate; Government spending composition.;
- E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
- E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy
- H21 - Public Economics - - Taxation, Subsidies, and Revenue - - - Efficiency; Optimal Taxation
NEP fieldsThis paper has been announced in the following NEP Reports:
- NEP-ALL-2014-01-17 (All new papers)
- NEP-DGE-2014-01-17 (Dynamic General Equilibrium)
- NEP-MAC-2014-01-17 (Macroeconomics)
- NEP-PBE-2014-01-17 (Public Economics)
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