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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Identification Number : 10.3917/reco.653.0543


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
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
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