An introduction of a simple monetary policy with savings taxation in the overlapping generations model

Taro Ikeda ()
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Taro Ikeda: Graduate School of Economics, Kobe University

No 1810, Discussion Papers from Graduate School of Economics, Kobe University

Abstract: In this paper, we introduce a simple monetary policy with savings taxation into Samuelson's (1958) overlapping generations model. In our model, we confirm that the real market interest rate increases in response to an increase in the rate of the savings taxation as a policy lending rate.

Keywords: overlapping generations model; monetary policy; savings taxation (search for similar items in EconPapers)
JEL-codes: E10 E20 E52 (search for similar items in EconPapers)
Pages: 10 pages
Date: 2018-03
New Economics Papers: this item is included in nep-cba, nep-dge, nep-mac and nep-mon
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