Explorations in public economics: simple models of OLG and optimal tax - Josheski, Dushko
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This book consist of two (parts) essays in OLG models and economics of taxation namely optimal taxation. Simple OLG model is explained (its algorithm) and optimal taxation models of Ramsey (1927) static model and Mirrlees (1971) dynamic model of optimal taxation. Also Diamond- Mirrleess efficiency theorem (1971) is explored and implemented to solve with a MATLAB code.An overlapping generations model is an applied DGE model for which the lifecycle models are applied. In the applied part benchmark models has been compared to, model with parameters that generate poverty traps and multiple…mehr

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Produktbeschreibung
This book consist of two (parts) essays in OLG models and economics of taxation namely optimal taxation. Simple OLG model is explained (its algorithm) and optimal taxation models of Ramsey (1927) static model and Mirrlees (1971) dynamic model of optimal taxation. Also Diamond- Mirrleess efficiency theorem (1971) is explored and implemented to solve with a MATLAB code.An overlapping generations model is an applied DGE model for which the lifecycle models are applied. In the applied part benchmark models has been compared to, model with parameters that generate poverty traps and multiple equilibria.Optimal income taxation theories are subject of investigation following the classic paper in public finance by Mirrlees (1971), than the models of Sadka (1976), Seade,(1977), Akerlof (1978),Stiglitz (1982), Diamond (1998), and Saez (2001) , Piketty-Saez-Stantcheva (2014), all related to the classic paper by Mirrlees (1971). The problem is to maximize integral over population of the social evaluation of individual utility, that depends on individual consumption and labor.
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Autorenporträt
Dushko Josheski was born on 29 August 1983 in Bitola,Macedonia. He was awarded Msc in Economics for Business Analysis at Staffordshire University, UK with Merit in 2008. Dushko Received first prize in Annual competition for Young Researchers in the field of Macroeconomics organized by the National bank of Republic of Macedonia.