Optimal Fiscal Policy in a Linear Stochastic Economy
Thomas Sargent () and
Francois Velde ()
QM&RBC Codes from Quantitative Macroeconomics & Real Business Cycles
This code supports the text in Thomas J. Sargent and Francois R. Velde, Optimal Fiscal Policy in a Linear Stochastic Economy, in Ramon Marimon and Andrew Scott (eds), Computational Methods for the Study of Dynamic Economies, Chapter 9, Oxford University Press. This chapter describes in detail how to solve the so-called Stokey-Lucas model of optimal taxation and to program it in Matlab. The state-process is either governed by a first order linear difference equation or a first order Markov Chain.
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http://dge.repec.org/codes/marimon-scott/Velde/ program code (application/x-matlab)
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Persistent link: https://EconPapers.repec.org/RePEc:dge:qmrbcd:130
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