Volatile policy and private information: The case of monetary shocks

Article Abstract:

The effects of volatility in monetary policy on economic performance when asymmetric information and endogenously chosen information structures are present.

Monetary policy

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Finite lifetimes and growth

Article Abstract:

An analysis of economic development over finite lifetimes is presented. The analysis considers an overlapping generations model which exhibits long run growth property. It is shown that a certain sector of the model generates an asymptotic zero growth rate given the presence of convex technologies. This result is an outcome of the young's inability to purchase large capital stock.

Economic development, Income distribution

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On the optimal taxation of capital income

Article Abstract:

Limited taxes on capital income tends to stay at zero level, provided that no profits are generated and capital accumulations maintain constant returns to scale. The theory of optimal taxation also implies that the government cannot direct distinct tax rates on stock and flow components of labor services, since the outcome of these two inputs are of limited value. Sudden realistic alteration in tax policies and technology can lead to long-run tax rates consequences.

Public Finance Activities, Tax Rates, Analysis, Economic aspects, Economic research, Income tax

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