메뉴 건너뛰기




Volumn 2, Issue 4, 2000, Pages 389-433

Government policy in a stochastic growth model with elastic labor supply

Author keywords

[No Author keywords available]

Indexed keywords


EID: 84890928100     PISSN: 10973923     EISSN: 14679779     Source Type: Journal    
DOI: 10.1111/1097-3923.00044     Document Type: Article
Times cited : (32)

References (50)
  • 2
    • 0001322329 scopus 로고    scopus 로고
    • Buffer stocks and precautionary savings with loss aversion
    • AIZENMAN, J. (1998) Buffer stocks and precautionary savings with loss aversion, Journal of International Money and Finance 17, 931-947.
    • (1998) Journal of International Money and Finance , vol.17 , pp. 931-947
    • Aizenman, J.1
  • 4
    • 84936526726 scopus 로고
    • Government spending in a simple model of endogenous growth
    • BARRO, R. J. (1990) Government spending in a simple model of endogenous growth, Journal of Political Economy 98, S103-S125.
    • (1990) Journal of Political Economy , vol.98
    • Barro, R.J.1
  • 6
    • 0030210304 scopus 로고    scopus 로고
    • Adjustment costs and investment in a stochastic endogenous growth model
    • BENAVIE, A., E. L. GRINOLS, and S. J. TURNOVSKY (1996) Adjustment costs and investment in a stochastic endogenous growth model, Journal of Monetary Economics 38, 77-100.
    • (1996) Journal of Monetary Economics , vol.38 , pp. 77-100
    • Benavie, A.1    Grinols, E.L.2    Turnovsky, S.J.3
  • 7
    • 0000935231 scopus 로고
    • Uniqueness and indeterminacy: On the dynamics of endogenous growth
    • BENHABIB, J., and R. PERLI (1994) Uniqueness and indeterminacy: On the dynamics of endogenous growth, Journal of Economic Theory 63, 113-142.
    • (1994) Journal of Economic Theory , vol.63 , pp. 113-142
    • Benhabib, J.1    Perli, R.2
  • 8
    • 0003674681 scopus 로고
    • Business Cycles and Equilibrium
    • Oxford, UK: Blackwell
    • BLACK, F. (1987) Business Cycles and Equilibrium. Oxford, UK: Blackwell.
    • (1987)
    • Black, F.1
  • 10
    • 34249838202 scopus 로고
    • Recent developments in modeling preferences: Uncertainty and ambiguity
    • CAMERER, C., and M. WEBER (1992) Recent developments in modeling preferences: Uncertainty and ambiguity, Journal of Risk and Uncertainty 5, 325-370.
    • (1992) Journal of Risk and Uncertainty , vol.5 , pp. 325-370
    • Camerer, C.1    Weber, M.2
  • 11
    • 0003516995 scopus 로고    scopus 로고
    • Junior can-t borrow: A new perspective on the equity premium puzzle, manuscript
    • CONSTANTINIDES, G. M., J. B. DONALDSON, and R. MEHRA (1998) Junior can-t borrow: A new perspective on the equity premium puzzle, manuscript.
    • (1998)
    • Constantinides, G.M.1    Donaldson, J.B.2    Mehra, R.3
  • 12
    • 0003942742 scopus 로고
    • Frontiers of Business Cycle Research
    • ed.Princeton, NJ: Princeton University Press
    • COOLEY, T. F. (1995), ed. Frontiers of Business Cycle Research. Princeton, NJ: Princeton University Press.
    • (1995)
    • Cooley, T.F.1
  • 13
    • 0030268425 scopus 로고    scopus 로고
    • Is the Friedman rule optimal when money is an intermediate good
    • CORREIA, I., and P. TELES (1996) Is the Friedman rule optimal when money is an intermediate good? Journal of Monetary Economics 38, 223-244.
    • (1996) Journal of Monetary Economics , vol.38 , pp. 223-244
    • Correia, I.1    Teles, P.2
  • 14
    • 0031206352 scopus 로고    scopus 로고
    • A portfolio approach to endogenous growth: Equilibrium and optimal policy
    • CORSETTI, G. (1997) A portfolio approach to endogenous growth: Equilibrium and optimal policy, Journal of Economic Dynamics and Control 21, 1627-1644.
    • (1997) Journal of Economic Dynamics and Control , vol.21 , pp. 1627-1644
    • Corsetti, G.1
  • 15
    • 0039911264 scopus 로고
    • The optimal rate of inflation revisited
    • DRAZEN, A. (1979) The optimal rate of inflation revisited, Journal of Monetary Economics 5, 231-248.
    • (1979) Journal of Monetary Economics , vol.5 , pp. 231-248
    • Drazen, A.1
  • 16
    • 84925973132 scopus 로고
    • Fiscal policy, inflation, and the accumulation of risky capital
    • EATON, J. (1981) Fiscal policy, inflation, and the accumulation of risky capital, Review of Economic Studies 48, 435-445.
    • (1981) Review of Economic Studies , vol.48 , pp. 435-445
    • Eaton, J.1
  • 17
    • 38249016161 scopus 로고
    • -First-order- risk aversion and the equity premium puzzle
    • EPSTEIN, L. G.. and S. E. ZIN (1990) -First-order- risk aversion and the equity premium puzzle, Journal of Monetary Economics 26, 387-407.
    • (1990) Journal of Monetary Economics , vol.26 , pp. 387-407
    • Epstein, L.G.1    Zin, S.E.2
  • 19
    • 0000345748 scopus 로고
    • Government size and macroeconomic stability
    • GALI, J. (1994) Government size and macroeconomic stability, European Economic Review 38, 117-132.
    • (1994) European Economic Review , vol.38 , pp. 117-132
    • Gali, J.1
  • 20
    • 0003391379 scopus 로고
    • Overcoming volatility in Latin America
    • Inter-American Development Bank
    • GAVIN, M., and R. HAUSMANN (1995) Overcoming volatility in Latin America, Inter-American Development Bank.
    • (1995)
    • Gavin, M.1    Hausmann, R.2
  • 22
    • 70350105111 scopus 로고
    • Taxation of corporate income: Tax revenues vs. tax distortions
    • GORDON, R. H. (1985) Taxation of corporate income: Tax revenues vs. tax distortions, Quarterly Journal of Economics 100, 1-27.
    • (1985) Quarterly Journal of Economics , vol.100 , pp. 1-27
    • Gordon, R.H.1
  • 23
    • 0000904473 scopus 로고
    • An empirical analysis of cross-national economic growth, 1951-1980
    • GRIER, K. B., and G. TULLOCK (1989) An empirical analysis of cross-national economic growth, 1951-1980, Journal of Monetary Economics 24, 48-69.
    • (1989) Journal of Monetary Economics , vol.24 , pp. 48-69
    • Grier, K.B.1    Tullock, G.2
  • 25
    • 0031734908 scopus 로고    scopus 로고
    • Risk, optimal government finance and monetary policies in a growing economy
    • GRINOLS, E. L., and S. J. TURNOVSKY (1998) Risk, optimal government finance and monetary policies in a growing economy, Economica 65, 401-427.
    • (1998) Economica , vol.65 , pp. 401-427
    • Grinols, E.L.1    Turnovsky, S.J.2
  • 26
    • 0000823520 scopus 로고
    • A theory of disappointment aversion
    • GUL, F. (1991) A theory of disappointment aversion, Econometrica 59, 667-686.
    • (1991) Econometrica , vol.59 , pp. 667-686
    • Gul, F.1
  • 28
    • 38249039177 scopus 로고
    • The optimum quantity of money rule in the theory of public finance
    • KIMBROUGH, K. P. (1986) The optimum quantity of money rule in the theory of public finance, Journal of Monetary Economics 18, 277-284.
    • (1986) Journal of Monetary Economics , vol.18 , pp. 277-284
    • Kimbrough, K.P.1
  • 29
    • 44949172445 scopus 로고
    • Macroeconomic determinants of growth: Cross-country evidence
    • KORMENDI, R., and P. MEGUIRE (1985) Macroeconomic determinants of growth: Cross-country evidence, Journal of Monetary Economics 16, 141-163.
    • (1985) Journal of Monetary Economics , vol.16 , pp. 141-163
    • Kormendi, R.1    Meguire, P.2
  • 31
    • 0002226230 scopus 로고
    • Optimal fiscal and monetary policy in an economy without capital
    • LUCAS, R. E., and N. L. STOKEY (1983) Optimal fiscal and monetary policy in an economy without capital, Journal of Monetary Economics 12, 55-93.
    • (1983) Journal of Monetary Economics , vol.12 , pp. 55-93
    • Lucas, R.E.1    Stokey, N.L.2
  • 33
    • 0000161767 scopus 로고
    • Competitive production for constant risk utility functions
    • MCCALL, J. J. (1967) Competitive production for constant risk utility functions, Review of Economic Studies 34, 417-420.
    • (1967) Review of Economic Studies , vol.34 , pp. 417-420
    • Mccall, J.J.1
  • 34
    • 0000314740 scopus 로고
    • Lifetime portfolio selection under uncertainty: The continuous-time case
    • MERTON, R. C. (1969) Lifetime portfolio selection under uncertainty: The continuous-time case, Review of Economics and Statistics 51, 247-257.
    • (1969) Review of Economics and Statistics , vol.51 , pp. 247-257
    • Merton, R.C.1
  • 35
    • 0003311599 scopus 로고
    • On the mathematics and economics assumptions of continuous-time models
    • W. F. SHARPE and C. M. COOTNER, eds. Englewood Cliffs, NJ: Prentice-Hall
    • MERTON, R. C. (1982) On the mathematics and economics assumptions of continuous-time models; in Essays in Honor of Paul Cootner, W. F. SHARPE and C. M. COOTNER, eds. Englewood Cliffs, NJ: Prentice-Hall.
    • (1982) in Essays in Honor of Paul Cootner
    • Merton, R.C.1
  • 36
    • 0028560106 scopus 로고
    • Risk-taking, global diversification, and growth
    • OBSTFELD, M. (1994) Risk-taking, global diversification, and growth, American Economic Review 84, 1310-1329.
    • (1994) American Economic Review , vol.84 , pp. 1310-1329
    • Obstfeld, M.1
  • 37
    • 0000575845 scopus 로고
    • Cross-country evidence on the link between volatility and growth
    • RAMEY, G., and V. RAMEY (1995) Cross-country evidence on the link between volatility and growth, American Economic Review 85, 1138-1151.
    • (1995) American Economic Review , vol.85 , pp. 1138-1151
    • Ramey, G.1    Ramey, V.2
  • 38
    • 85017030502 scopus 로고
    • Long-run policy analysis and long-run growth
    • REBELO, S. (1991) Long-run policy analysis and long-run growth, Journal of Political Economy 99, 500-521.
    • (1991) Journal of Political Economy , vol.99 , pp. 500-521
    • Rebelo, S.1
  • 39
    • 0032460591 scopus 로고    scopus 로고
    • Why do more open economies have bigger governments
    • RODRIK, D. (1998) Why do more open economies have bigger governments? Journal of Political Economy 106, 997-1032.
    • (1998) Journal of Political Economy , vol.106 , pp. 997-1032
    • Rodrik, D.1
  • 40
    • 84936526527 scopus 로고
    • Increasing returns and long-run growth
    • ROMER, P. M. (1986) Increasing returns and long-run growth, Journal of Political Economy 94, 1002-1037.
    • (1986) Journal of Political Economy , vol.94 , pp. 1002-1037
    • Romer, P.M.1
  • 41
    • 21144461872 scopus 로고
    • Fiscal policy in an endogenous growth model
    • SAINT-PAUL, G. (1992) Fiscal policy in an endogenous growth model, Quarterly Journal of Economics 107, 1243-1259.
    • (1992) Quarterly Journal of Economics , vol.107 , pp. 1243-1259
    • Saint-Paul, G.1
  • 42
    • 0000742748 scopus 로고
    • Rational choice and patterns of growth in a monetary economy
    • SIDRAUSKI, M. (1967) Rational choice and patterns of growth in a monetary economy, American Economic Review 57, 534-544.
    • (1967) American Economic Review , vol.57 , pp. 534-544
    • Sidrauski, M.1
  • 43
    • 0030441612 scopus 로고    scopus 로고
    • Taxes, uncertainty, and long-term growth
    • SMITH, W. T. (1996) Taxes, uncertainty, and long-term growth, European Economic Review 40, 1647-1664.
    • (1996) European Economic Review , vol.40 , pp. 1647-1664
    • Smith, W.T.1
  • 45
    • 38249041159 scopus 로고
    • Interest rates and monetary policy uncertainty
    • STULZ, R. (1986) Interest rates and monetary policy uncertainty, Journal of Monetary Economics 17, 331-347.
    • (1986) Journal of Monetary Economics , vol.17 , pp. 331-347
    • Stulz, R.1
  • 46
    • 0027751489 scopus 로고
    • Macroeconomic policies, growth, and welfare in a stochastic economy
    • TURNOVSKY, S. J. (1993) Macroeconomic policies, growth, and welfare in a stochastic economy, International Economic Review 35, 953-981.
    • (1993) International Economic Review , vol.35 , pp. 953-981
    • Turnovsky, S.J.1
  • 47
    • 0030115677 scopus 로고    scopus 로고
    • Optimal tax, debt, and expenditure policies in a growing economy
    • TURNOVSKY, S. J. (1996) Optimal tax, debt, and expenditure policies in a growing economy, Journal of Public Economics 60, 21-44.
    • (1996) Journal of Public Economics , vol.60 , pp. 21-44
    • Turnovsky, S.J.1
  • 48
    • 0012895249 scopus 로고    scopus 로고
    • Fiscal policy, elastic labor supply, and endogenous growth
    • TURNOVSKY, S. J. (2000) Fiscal policy, elastic labor supply, and endogenous growth, Journal of Monetary Economics 45, 185-210.
    • (2000) Journal of Monetary Economics , vol.45 , pp. 185-210
    • Turnovsky, S.J.1
  • 49
    • 0000861068 scopus 로고
    • Time consistency and optimal government policies in perfect foresight equilibrium
    • TURNOVSKY, S. J., and W. A. BROCK (1980) Time consistency and optimal government policies in perfect foresight equilibrium, Journal of Public Economics 13, 83-212.
    • (1980) Journal of Public Economics , vol.13 , pp. 83-212
    • Turnovsky, S.J.1    Brock, W.A.2
  • 50
    • 0000728356 scopus 로고
    • The optimum quantity of money
    • B. M. FRIEDMAN and F. H. HAHN, eds. Amsterdam: Elsevier Science Publishers
    • WOODFORD, M. (1990) The optimum quantity of money; in Handbook of Monetary Economics, vol 2, B. M. FRIEDMAN and F. H. HAHN, eds. Amsterdam: Elsevier Science Publishers.
    • (1990) in Handbook of Monetary Economics , vol.2
    • Woodford, M.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.