Aggregate Instability and the Sectoral Composition of Fiscal Policy

Autor: Abad, Nicolas

The aim of this papier is to investigate how sector-specific tax rates are destabilizing and lead to expectation-driven fluctuations through the presence of local indeterminacy. We explore this issue within a two-sector model where firms produce eith

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=dedup_wf_001::81860ede043c05d578582c97e22b95c4
https://hal.archives-ouvertes.fr/hal-02373106

Expectation-driven asset price fluctuations under the spirit of capitalism hypothesis: The role of heterogeneity

Autor: Lise Clain-Chamosset-Yvrard

Publikováno v: Macroeconomic Dynamics
Macroeconomic Dynamics, Cambridge University Press (CUP), 2021, 25 (2), pp.509-535. ⟨10.1017/S1365100519000300⟩
Macroeconomic Dynamics, 2021, 25 (2), pp.509-535. ⟨10.1017/S1365100519000300⟩

In this paper, I study how heterogeneity amongst agents affects the occurrence of expectation-driven asset price fluctuations in a pure exchange economy à la Lucas, with infinitely lived households, under the hypothesis of spirit of capitalism (SOC)

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_dedup___::d60ce71c0c8b13e5f95b6c1b06fad890
https://shs.hal.science/halshs-01719844/document

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