Detail An Equilibrium Analysis of Fiscal Policy With Uncertainty and Incomplete Markets   Oleh:  Possen, Uri M. ; Kiefer, Nicholas M. ; Easly, David Jenis: Article from Bulletin/Magazine Dalam koleksi: INTERNATIONAL ECONOMIC REVIEW vol. 34 no. 4 (1993), page 935-952. Topik: FISCAL POLICY; equilibrium; fiscal policy; markets Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: II49.3 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel Insurance aspects of tax policies are studied in a simple intertemporal general equilibrium model in which agents are uncertain about both the future wage rates and the rate of return on capital. Taxation and lump - sum subsidy policies generally reduce employment, output and the capital stock, but nonetheless they can be structured to provide Pareto improvements on the incomplete market equilibrium. These policies provide insurance against individual shocks, not aggregate shocks. Examples of welfare maximizing tax schemes are provided using a simple computable general equilibrium model. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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