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Analyzing fiscal policies in a heterogeneous-agent overlapping-generations economy

Research output: Contribution in Book/Report/Proceedings - With ISBN/ISSN › Chapter (peer-reviewed) › peer-review

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Analyzing fiscal policies in a heterogeneous-agent overlapping-generations economy. / Nishiyama, Shinichi; Smetters, Kent.
Handbook of Computational Economics. ed. / Karl Schmedders; Kenneth Judd. Vol. 3 Elsevier, 2014. p. 117-160.

Research output: Contribution in Book/Report/Proceedings - With ISBN/ISSN › Chapter (peer-reviewed) › peer-review

Harvard

Nishiyama, S & Smetters, K 2014, Analyzing fiscal policies in a heterogeneous-agent overlapping-generations economy. in K Schmedders & K Judd (eds), Handbook of Computational Economics. vol. 3, Elsevier, pp. 117-160. https://doi.org/10.1016/B978-0-444-52980-0.00003-7

APA

Nishiyama, S., & Smetters, K. (2014). Analyzing fiscal policies in a heterogeneous-agent overlapping-generations economy. In K. Schmedders, & K. Judd (Eds.), Handbook of Computational Economics (Vol. 3, pp. 117-160). Elsevier. https://doi.org/10.1016/B978-0-444-52980-0.00003-7

Vancouver

Nishiyama S, Smetters K. Analyzing fiscal policies in a heterogeneous-agent overlapping-generations economy. In Schmedders K, Judd K, editors, Handbook of Computational Economics. Vol. 3. Elsevier. 2014. p. 117-160 doi: 10.1016/B978-0-444-52980-0.00003-7

Author

Nishiyama, Shinichi ; Smetters, Kent. / Analyzing fiscal policies in a heterogeneous-agent overlapping-generations economy. Handbook of Computational Economics. editor / Karl Schmedders ; Kenneth Judd. Vol. 3 Elsevier, 2014. pp. 117-160

Bibtex

@inbook{8193d1707136434885251ed3d4dc76a9,
title = "Analyzing fiscal policies in a heterogeneous-agent overlapping-generations economy",
abstract = "The overlapping generations (OLG) life-cycle model with heterogeneous agents has become the main workhorse for evaluating the welfare and macroeconomic effects of major fiscal policy changes, including reforms to tax and social insurance systems. This chapter shows how to construct and solve a OLG model with idiosyncratic shocks, which allows for analyzing the inter- and intra-generational welfare and macroeconomic impact of policy changes.",
keywords = "Life cycle, Overlapping generations, Dynamic programming, Fiscal policy, Welfare",
author = "Shinichi Nishiyama and Kent Smetters",
year = "2014",
month = feb,
doi = "10.1016/B978-0-444-52980-0.00003-7",
language = "English",
isbn = "1574-0021",
volume = "3",
pages = "117--160",
editor = "Karl Schmedders and Kenneth Judd",
booktitle = "Handbook of Computational Economics",
publisher = "Elsevier",

}

RIS

TY - CHAP

T1 - Analyzing fiscal policies in a heterogeneous-agent overlapping-generations economy

AU - Nishiyama, Shinichi

AU - Smetters, Kent

PY - 2014/2

Y1 - 2014/2

N2 - The overlapping generations (OLG) life-cycle model with heterogeneous agents has become the main workhorse for evaluating the welfare and macroeconomic effects of major fiscal policy changes, including reforms to tax and social insurance systems. This chapter shows how to construct and solve a OLG model with idiosyncratic shocks, which allows for analyzing the inter- and intra-generational welfare and macroeconomic impact of policy changes.

AB - The overlapping generations (OLG) life-cycle model with heterogeneous agents has become the main workhorse for evaluating the welfare and macroeconomic effects of major fiscal policy changes, including reforms to tax and social insurance systems. This chapter shows how to construct and solve a OLG model with idiosyncratic shocks, which allows for analyzing the inter- and intra-generational welfare and macroeconomic impact of policy changes.

KW - Life cycle

KW - Overlapping generations

KW - Dynamic programming

KW - Fiscal policy

KW - Welfare

U2 - 10.1016/B978-0-444-52980-0.00003-7

DO - 10.1016/B978-0-444-52980-0.00003-7

M3 - Chapter (peer-reviewed)

SN - 1574-0021

VL - 3

SP - 117

EP - 160

BT - Handbook of Computational Economics

A2 - Schmedders, Karl

A2 - Judd, Kenneth

PB - Elsevier

ER -