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Optimal government policies in models with heterogeneous agents

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    SYSNO ASEP0024091
    Document TypeJ - Journal Article
    R&D Document TypeJournal Article
    Subsidiary JOstatní články
    TitleOptimal government policies in models with heterogeneous agents
    TitleOptimální vládní politika v modelech s heterogenními agenty
    Author(s) Boháček, Radim (NHU-N) RID
    Kejak, Michal (NHU-N) RID
    Source TitleCERGE-EI Working Paper Series - ISSN 1211-3298
    -, č. 272 (2005), s. 1-55
    Number of pages55 s.
    Publication formwww - www
    Languageeng - English
    CountryCZ - Czech Republic
    Keywordsoptimal macroeconomic policy ; optimal taxation ; distribution of wealth and income
    Subject RIVAH - Economics
    CEZAV0Z70850503 - NHU-N (2005-2011)
    AnnotationIn this paper we develop a new methodology for finding optimal government policies in economies with heterogeneous agents. The methodology is solely based on three classes of equilibrium conditions from the government’s and individual agent’s optimization problems: 1) the first order conditions; 2) the stationarity condition on the distribution function; and, 3) the aggregate market clearing conditions.
    WorkplaceEconomics Institute
    ContactTomáš Pavela, pavela@cerge-ei.cz, Tel.: 224 005 122
    Year of Publishing2006
Number of the records: 1  

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