haku: @author Turnovsky, S. / yhteensä: 4
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| Tekijä: | Grinols, E. Turnovsky, S. |
| Otsikko: | Risk, optimal government finance and monetary policies in a growing economy |
| Lehti: | Economica
1998 : AUG, VOL. 65:259, p. 401-428 |
| Asiasana: | ECONOMICS RISK GOVERNMENT |
| Kieli: | eng |
| Tiivistelmä: | Optimal tax and monetary policies in a stochastic monetary growth model are onvestigated. The findings are of three general types. First, both capital income taxes and monetary growth are shown to influence the economy through effective risk-adjusted measures, expressed as a linear function of their respective means and variances. Second, two stochastic neutrality results relating to money and bonds, the two nominal assets in the economy, are identified. |
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