FISCAL-POLICY IN AN OPTIMIZING MODEL WITH FINITE LIVES AND ENDOGENOUS LABOR SUPPLY

被引：1
|
作者：
MEIJDAM, L
机构：
[1] Institute of Economics, University of Nijmegen, Nijmegen
来源：
ECONOMIST | 1990年 / 138卷 / 02期
关键词：
D O I：
10.1007/BF01329988
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
In this paper the impact of balanced budget, money-financed and bond-financed fiscal policy is analyzed, in the short run as well as in the long run. The analysis is based on an optimizing model of a closed economy that displays perfect foresight of agents and sticky wages and prices. Consumers have finite planning horizons modeled according to the Blanchard-Yaari framework. Labour supply is endogenized by including leisure in the utility function. Labour scarcity is also allowed for. The results are illustrated by numerical simulation experiments. © 1990 Kluwer Academic Publishers.
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页码：146 / 167
页数：22
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