Tax Policy and Aggregate Demand Management under Catching Up with the Joneses

By Harald Uhlig, Lars Ljungqvist. 2000

544 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/758b191495eb3ba7fe96994c51cc1af5ca778c39

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In Economics and Econometrics

Citations in the corpus

The Happiness Gap in Eastern Europe (2016, unknown): “And finally, the study brings evidence on the importance of counterfactuals: apparently citizens in Eastern Europe evaluate improvements in their well-being not only relative to themselves and to others in the past, but also relative to other countries (Becchetti et al., 2013; Ljungqvist and Uhlig, ”
When the Joneses’ consumption hurts : Optimal public good provision and nonlinear income taxation (2008, background): “…1978; Blomquist, 1993; Persson, 1995; Ireland, 2001), public good provision (Ng, 1987), social insurance (Abel, 2005), growth (Corneo and Jeanne, 1997, 2001), environmental externalities (Brekke and Howarth, 2002; Wendner, 2005; Howarth, 2006) and stabilization policy (Ljungqvist and Uhlig, 2000).”
Individual Well-Being in a Dynamic Perspective (2012, unknown): “…1994), on Pareto optimality (Collard, 1975, and Shall, 1972), on the theory of optimal taxation (Boskin and Sheshinki, 1978, Dupor and Liu, 2003, Ljungqvist and Uhlig, 2000, and Abel, 2005), on the determination of work hours (Bowles and Park, 2005), on public spending (Ng, 1987), and on the…”
Explaining Asset Prices with External Habits and Wage Rigidities in a DSGE Model (2007, unknown): “…labor and dividends Dt for providing capital to firms, 1 = nt + lt(5) ct + xt = Dtkt−1 + Wtnt(6) kt = ( 1 − δ + g ( xt kt−1 )) kt−1(7) Define δ̃ = δ + eγ − 1(8) I assume that the adjustment cost function g(·) satisfies g(δ̃) = δ̃, g′(δ̃) = 1, g′′(δ̃) = − 1 ξ (9) for some ξ > 0, see Jermann (1998).”
Growth, habit formation, and catching-up with the Joneses (2005, background): “Actually, Ljungqvist and Uhlig (2000) have stressed the fact that ine7ciency depends on the timing of the consumption externality. make identical the two Keynes–Ramsey equations (15) and (16): a tax on net income (or net output) and a tax on consumption.”
Household Debt and Social Interactions (2012, unknown): “, 2011); and short-run stabilization policy (Ljungqvist and Uhlig, 2000).”
Optimal Taxation When Consumers Have Endogenous Benchmark Levels of Consumption (2003, unknown): “where uyt () and u o t () are defined equations (13) and (14).”