Optimal Time-Consistent Fiscal Policy with Uncertain Lifetimes
收藏NBER1985-03-01 更新2025-01-04 收录
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https://www.nber.org/papers/w1593
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资源简介：
This paper studies optimal fiscal policy in an economy where heterogeneous agents with uncertain lifetimes coexist. We show that some plausible social welfare functions lead to time-inconsistent optimal plans, and we suggest restrictions on social preferences that avoid the problem. The normative
提供机构：
美国国家经济研究局创建时间：
1985-03-01
