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Selected Works of Peter Skott
Unpublished Paper
Public debt in an OLG model with imperfect competition
Economics Department Working Paper Series (2011)
  • Peter Skott, University of Massachusetts - Amherst
  • Soon Ryoo
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Abstract
Fiscal policy is needed to avoid dynamic inefficiency and maintain full employment in a modified Diamond OLG model with imperfect competition. A distributionally neutral tax scheme can maintain full employment in the face of variations in .household confidence.. No variations in taxes will be needed if households correctly anticipate future taxes: the tax policy functions as an insurance scheme. JEL Categories: E62, E22
Disciplines
Publication Date
2011
Citation Information
Peter Skott and Soon Ryoo. "Public debt in an OLG model with imperfect competition" Economics Department Working Paper Series (2011)
Available at: http://works.bepress.com/peter_skott/21/