Browsing by Subject "E6"

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Browsing by Subject "E6"

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    Title: Can Stabilization Policies Be Efficient?  Author(s): SAIDI, Aurélien Date: 2009 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: This paper makes use of optimal control relaxed problems to prove the absence of optimal trajectory in continuous time models with social increasing returns to scale where indeterminacy occurs. Although an efficient optimal ...
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    Title: Prudent Monetary Policy and Cautious Prediction of the Output Gap  Author(s): VAN DER PLOEG, Frederick Date: 2007 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: ABSTRACT Using the results of risk-adjusted linear-quadratic-Gaussian optimal control with perfect and imperfect observation of the economy, we obtain prudent Taylor rules for monetary policies and also allow for imperfect ...
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    Title: Partisan Public Investment and Debt: The Case for Fiscal Restrictions  Author(s): BETTSMA, Roel M.W.J.; VAN DER PLOEG, Frederick Date: 2007 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: The political distortions in public investment projects are investigated within a bipartisan framework. The role of scrapping and modifying projects of previous governments receives special attention. The ruling party ...
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    Title: Optimal Pre-Announced Tax Reform Revisited  Author(s): TRABANDT, Mathias Date: 2007 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: Domeij and Klein (2005) have shown that the welfare gains of an optimal capital and labor income tax reform decline the longer the reform is pre-announced before its implementation. In other words, pre-announcement is ...
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    Title: Long Term Eff ects of Fiscal Policy on the Size and the Distribution of the Pie in the UK  Author(s): RAMOS, Xavier; ROCA-SAGALES, Oriol Date: 2007 Type of Publication: Working Paper Series/Report no.: EUI RSCAS Abstract: This paper provides a joint analysis of the output and distributional long term effects of various fiscal policies in the UK, using a Vector Autoregression approach. Our findings suggest that the output effects of fiscal ...