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On time-inconsistency and pollution control : A macroeconomic approach
Raymond Gradus,Peter M. Kort +1 more
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This article is published in research memorandum.The article was published on 1992-01-01 and is currently open access. It has received 2 citations till now. The article focuses on the topics: Dynamic inconsistency & Fiscal policy.read more
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An Intertemporal Model of Saving and Investment
Andrew B. Abel,Olivier Blanchard +1 more
TL;DR: In this article, the authors study the dynamic behavior of the optimal growth model with adjustment costs and show the similarity between the temporary equilibrium of the corresponding market economy and the short-run equilibrium of standard macroeconomic models.
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Tax incidence in a model with perfect foresight of agents and rationing in markets
Theo van de Klundert,P. Peters +1 more
TL;DR: In this paper, the authors examined the incidence of several taxes in a macroeconomic model and showed that in the long run the system tends towards a Walrasian equilibrium, where price inertia leads to rationing in the market for goods and for labour.
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Journal ArticleDOI
On the Determination of the Public Debt
TL;DR: In this paper, a public debt theory is constructed in which the Ricardian invariance theorem is valid as a first-order proposition but where the dependence excess burden on the timing of taxation implies an optimal time path of debt issue.
Book ChapterDOI
The Economic Theory of Trade Unions: An Introductory Survey
TL;DR: An introductory survey of work on the economic theory of trade union behaviour can be found in this article, which concentrates on recent contributions to the literature, sets out a number of central results and ideas, and speculates on future topics for research.
Journal ArticleDOI
Dynamic inconsistency, cooperation and the benevolent dissembling government
TL;DR: In this article, the authors investigate the circumstances under which the problem of dynamic inconsistency arises, and discuss its implications for control theory and optimal policy-making, and raise serious issues about the types of optimal control paths that are most relevant for policy making.
Posted Content
An Intertemporal Model of Saving and Investment
Andrew B. Abel,Olivier Blanchard +1 more
TL;DR: In this article, the authors study the dynamic behavior of the optimal growth model with adjustment costs and show the similarity between the temporary equilibrium of the corresponding market economy and the short-run equilibrium of standard macroeconomic models.
Posted Content
Erratum: Standards versus Standards: The Effects of Different Pollution Restrictions
TL;DR: In this article, the authors examined the effects of five different forms of pollution standards on input decisions, the level of production, and firm profits, and showed that the different standards, by providing firms with different incentives, change the firm's allocation decisions and affect the relative profitability of the standards.