1996 | OriginalPaper | Buchkapitel
Simulation Studies
verfasst von : Toshihiro Ihori
Erschienen in: Public Finance in an Overlapping Generations Economy
Verlag: Palgrave Macmillan UK
Enthalten in: Professional Book Archive
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This chapter summarizes several simulation studies on tax reform using multi-period overlapping generations models. Based on Summers (1981b), we first formulate a bench mark model in which many generations coexist at any instant. The quantitative relationship between savings and the interest rate is complex and depends on all of the other parameters in the model. Section 2 compares the simulation results of Summers with Evans (1983).