Optimum Fiscal and Monetary Policy Using the Monetary Overlapping Generation Models

Ayoub Faramarzi; Rahim Dalali Esfahani; Saeed Samadi

doi:10.12816/0018191

Article Details

Optimum Fiscal and Monetary Policy Using the Monetary Overlapping Generation Models

Authors:

Ayoub Faramarzi | Rahim Dalali Esfahani | Saeed Samadi

Publisher:

American University

Main Topics:

Economics and Finance

Journal:

Kuwait Chapter of Arabian Journal of Business and Management Review 2014 Vol.3 Issue 6, pp.183-189

Document Type:

Article

Publication Date:

2/2014

Document Language:

English

Document ID (Org No.):

74592

Frequency:

Monthly

pISSN:

22248358

DOI:

10.12816/0018191

Descriptors:

Keywords:

Abstract:

 Government financing is one of the most important issues that any economy is faced with it. In acapitalism system, the government can only finance their expenditure from taxes. Taxes couldlevy on any goods, services and activity but the important problem is the good and how muchone of them must pay the tax? According to Characteristics of each good, the effect of levyingthe tax on it in economy is different. In this article we show the money is the best goods thatgovernment can levy the tax on it. If the government want collect the constant quantity of tax,welfare loose of levying the tax on money is smaller than other goods. These results achievefrom Frank Ramsey paper and John Maynard Keynes book. Other problem than answered thisarticle is determining the optimum rate of tax on money (inflation tax) in an overlappinggeneration model that characterized the four sector economy.

Article Details

Optimum Fiscal and Monetary Policy Using the Monetary Overlapping Generation Models

Authors:

Ayoub Faramarzi | Rahim Dalali Esfahani | Saeed Samadi

Publisher:

American University

Main Topics:

Economics and Finance

Journal:

Kuwait Chapter of Arabian Journal of Business and Management Review 2014 Vol.3 Issue 6, pp.183-189

Document Type:

Article

Publication Date:

2/2014

Document Language:

English

Document ID (Org No.):

74592

Frequency:

Monthly

pISSN:

22248358

DOI:

10.12816/0018191

Descriptors:

FINANCIAL POLICY

MONETARY POLICY

TAXES

INFLATION

FINANCING

CAPITALISM

Inflation Tax

OLG Model

Fiscal Policy

Monetary Policy

Issues

Article Details

Authors: Ayoub Faramarzi | Rahim Dalali Esfahani | Saeed Samadi

Publisher: American University

Main Topics: Economics and Finance

Journal: Kuwait Chapter of Arabian Journal of Business and Management Review 2014 Vol.3 Issue 6, pp.183-189

Document Type: Article

Publication Date: 2/2014

Document Language: English

Document ID (Org No.): 74592

Frequency: Monthly

pISSN: 22248358

DOI: 10.12816/0018191

Descriptors:

Issues

Authors:

Ayoub Faramarzi | Rahim Dalali Esfahani | Saeed Samadi

Publisher:

American University

Main Topics:

Economics and Finance

Journal:

Kuwait Chapter of Arabian Journal of Business and Management Review 2014 Vol.3 Issue 6, pp.183-189

Document Type:

Article

Publication Date:

2/2014

Document Language:

English

Document ID (Org No.):

74592

Frequency:

Monthly

pISSN:

22248358

DOI:

10.12816/0018191