TY  - JOUR
ID  - publications15470
UR  - http://tse-fr.eu/pub/26633
IS  - n°3
A1  - Fève, Patrick
A1  - Matheron, Julien
A1  - Sahuc, Jean-Guillaume
Y1  - 2014/05//
N2  - 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.
PB  - Presses de Sciences Po
JF  - Revue économique
VL  - 65
SN  - 0035-2764
TI  - Règles Budgétaires Strictes et Stabilité Macro-économique: le cas de la TVA Sociale
SP  - 543
AV  - none
EP  - 556
ER  -