Thomas Seegmuller

TL;DR: In this article, the conditions under which endogenous fluctuations and periodic welfare inequality can emerge in OLG economies having an environmental dimension are examined. But the conditions are not discussed in this paper.

TL;DR: In this paper, the authors re-examine the destabilizing role of balanced budget fiscal policy rules based on consumption taxation and show that non-linear consumption taxation may destabilize the economy, promoting expectation-driven fluctuations, if the elasticity of intertemporal substitution in consumption is sufficiently larger than one and the tax rate is counter-cyclical with respect to consumption.

TL;DR: The authors analyzes the consequences on capital accumulation and environmental quality of environmental policies financed by public debt and shows that if the initial capital stock is high enough, the economy monotonically converges to a long run steady state.

TL;DR: In this article, the role of public spending, financed by (labour or capital) income and consumption taxation, on the emergence of indeterminacy is investigated. And the results in terms of the level of the tax rate, its variability with respect to the tax base and the degree of externalities in preferences due to the existence of a public good are discussed.

TL;DR: In this article, the role of public spending,financed by labor income and consumption taxation, on the emergence of indeterminacy was analyzed in a constant returns to scale, one sector economy with segmented asset markets of the Woodford type.