Abstract
In this chapter we analyze the evolution of the economic system when government fiscal policy pursues budget balance. In particular we look for equilibrium points when balancing is obtained either by consumption taxes or through profit taxes or through both of them. In the last sections 10.1.4, 10.2, and 10.3 we address the issues of the stability of the equilibria and the evolution of the system near equilibrium points.
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© 2001 Springer-Verlag Berlin Heidelberg
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Nardini, F. (2001). Balancing the Budget: Equilibria and Stability. In: Technical Progress and Economic Growth. Lecture Notes in Economics and Mathematical Systems, vol 500. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-56659-2_10
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DOI: https://doi.org/10.1007/978-3-642-56659-2_10
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-540-41596-1
Online ISBN: 978-3-642-56659-2
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