Now showing items 1-2 of 2

  • The Distributional Consequences of Supply-Side Reforms in General Equilibrium 

    Angelopoulos, Konstantinos; Fernandez, Bernardo X.; Malley, James (University of Glasgow, 2010)
    This paper addresses the issue on whether tax reforms consisten with lower public debt-to-GDP in the long-run can lead to a more efficient and equitable economy. To this end we solve a heterogeneous agent model comprised ...
  • Monetary Policy and Heterogeneous Expectations 

    Branch, William A.; Evans, George W. (University of St AndrewsUniversity of California, 2010)
    This paper studies the implications for monetary policy of heterogeneous expectations in a New Keynesian model. The assumption of rational expectations is replaced with parsimonious forecasting models where agents select ...

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