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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
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 |
|---|---|
| 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: | 06 Apr 2018 10:23 |
| OAI Identifier: | oai:tse-fr.eu:26633 |
| URI: | http://publications.ut-capitole.fr/id/eprint/15470 |
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