Règles budgétaires strictes et stabilité macroéconomique. Le cas de la tva sociale

Patrick Fève, Julien Matheron and Jean-Guillaume Sahuc

Revue économique, 2014, vol. 65, issue 3, 543-556

Abstract: This paper studies the local dynamic properties of a simple general equilibrium model with Social vat. Strict balanced budget rules often lead to real indeterminacy of aggregate equilibrium, leaving room for « sunspots » fluctuations. In a closed-economy setup, social vat escapes this property and only reduces the aggregate labor supply elasticity. However, the quantitative effects are weak. Classification JEL : E32, E62

JEL-codes: E32 E62 (search for similar items in EconPapers)
Date: 2014
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Related works:
Working Paper: Règles Budgétaires Strictes et Stabilité Macroéconomique: Le Cas de la TVA Sociale (2014)
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