Fève, Patrick, Matheron, Julien and Sahuc, Jean-Guillaume (2014) Règles Budgétaires Strictes et Stabilité Macro-économique: le cas de la TVA Sociale. Revue économique, 65 (n°3). pp. 543-556.
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Official URL : http://tse-fr.eu/pub/26633
Identification Number : 10.3917/reco.653.0543
Abstract
This paper studies the local dynamic properties of a simple general equilibrium model with Social vat. Strict balanced budget rules often lead to real indeterminacy of aggregate equilibrium, leaving room for « sunspots » fluctuations. In a closed-economy setup, social vat escapes this property and only reduces the aggregate labor supply elasticity. However, the quantitative effects are weak.
Item Type: | Article |
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Language: | French |
Date: | May 2014 |
Refereed: | Yes |
JEL Classification: | E32 - Business Fluctuations; Cycles E62 - Fiscal Policy; Public Expenditures, Investment, and Finance; Taxation |
Subjects: | B- ECONOMIE ET FINANCE |
Divisions: | TSE-R (Toulouse) |
Site: | UT1 |
Date Deposited: | 09 Jul 2014 17:31 |
Last Modified: | 02 Apr 2021 15:47 |
OAI Identifier: | oai:tse-fr.eu:26633 |
URI: | https://publications.ut-capitole.fr/id/eprint/15470 |