| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP768 |
| DP768 Optimal Tax Policy, Government Myopia and Insolvency | |
| Paul Levine; Joseph Pearlman | |
| 发表日期 | 1993-05-31 |
| 出版年 | 1993 |
| 语种 | 英语 |
| 摘要 | This paper explores the relationship between the myopia, the solvency and the reputation of a government choosing the optimal financing policy given a particular path of government spending. A central result is the demonstration of a logical link between government myopia and insolvency in the sense that there is a class of models for which a solution to the optimal taxation problem does not exist. Results are shown analytically for a very simple non-monetary economy, for a seigniorage model examined by Obstfeld and, using simulations, for a more developed non-Ricardian model with capital. |
| 主题 | International Macroeconomics |
| 关键词 | Government myopia Optimal taxation Solvency |
| URL | https://cepr.org/publications/dp768 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/529930 |
| 推荐引用方式 GB/T 7714 | Paul Levine,Joseph Pearlman. DP768 Optimal Tax Policy, Government Myopia and Insolvency. 1993. |
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