Aggregate Stability and Balanced-Budget Rules /
It has been shown that under perfect competition and a Cobb-Douglas production function, a basic real business cycle model may exhibit indeterminacy and sunspot fluctuations when income tax rates are determined by a balanced-budget rule. This paper introduces in an otherwise standard real business c...
| প্রধান লেখক: | |
|---|---|
| অন্যান্য লেখক: | |
| বিন্যাস: | পত্রিকা |
| ভাষা: | English |
| প্রকাশিত: |
Washington, D.C. :
International Monetary Fund,
2014.
|
| মালা: | IMF Working Papers; Working Paper ;
No. 2014/023 |
| বিষয়গুলি: | |
| অনলাইন ব্যবহার করুন: | Full text available on IMF |