Aggregate Demand Management with Multiple Equilibria
نویسندگان
چکیده
منابع مشابه
Aggregate Demand Management with Multiple Equilibria
We study optimal government policy in an economy where (i) search frictions create a coordination problem and generate multiple Pareto-ranked equilibria and (ii) the government finances the provision of a public good by taxing trade. The government must choose the tax rate before it knows which equilibrium will obtain, and therefore an important part of the problem is determining how the policy...
متن کاملWorking Paper Series Aggregate Demand Management with Multiple Equilibria Wp 03-04 Huberto M. Ennis Federal Reserve Bank of Richmond Aggregate Demand Management with Multiple Equilibria Federal Reserve Bank of Richmond Working
We study optimal government policy in an economy where (i) search frictions create a coordination problem and generate multiple Pareto-ranked equilibria and (ii) the government finances the provision of a public good by taxing trade. The government must choose the tax rate before it knows which equilibrium will obtain, and therefore an important part of the problem is determining how the policy...
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We study optimal government policy in an economy where (i) search frictions create a coordination problem and generate multiple, Pareto-ranked equilibria and (ii) the government finances the provision of a public good by taxing trade. The government must choose the tax rate before it knows which equilibrium will obtain, and therefore an important part of the problem is determining how the polic...
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Without successful large-scale regional evacuations, threats such as hurricanes and wild-fires can cause a large loss of life. In this context, automobiles are oftentimes an essential transportation mode for evacuations, but the ensuing traffic typically overwhelms the roadway capacity and causes congestion on a massive scale. Congestion leads to many problems including longer, costlier, and mo...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2003
ISSN: 1556-5068
DOI: 10.2139/ssrn.2184540