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On the Timing and Optimality of Capital Controls: Public Expenditures, Debt D...
This paper solves a second-best problem where a government has in particular to choose whether to tax financial inflows (capital controls) or not, and when. A... -
Optimal Regime Switching and Threshold Effects: Theory and Application to a R...
We consider a general control problem with two types of optimal regime switch. The first one concerns technological and/or institutional regimes indexed by a finite... -
Optimal Growth under Flow-Based Collaterals
Some recent evidence on government finance statistics of European countries suggests that countries with public debt issues also show a low tax revenue-GDP ratio. In...
