Presses universitaires de Louvain
onixsuitesupport@onixsuite.com
20230610
eng
COM.ONIXSUITE.9782390612391
03
01
Presses universitaires de Louvain
01
SKU
103649
02
2390612393
03
9782390612391
15
9782390612391
10
BC
00
<TitleType>01</TitleType>
<TitleText>Thèses de l'Université catholique de Louvain (UCL)</TitleText>
Thèses de la Faculté des sciences économiques, sociales, politiques et de communication
859
<TitleType>01</TitleType>
<TitleText textcase="01">Essays on Macroeconomic Theory Optimal Fiscal Policy and History of Macroeconomics</TitleText>
01
GCOI
29303100103260
1
A01
François Courtoy
Courtoy, François
François
Courtoy
<p>François Courtoy is an economist specialized in macroeconomic theory and publicpolicy. He currently works for the Directorate‑General for Economic and FinancialAffairs of the European Commission. Before joining the European Commission,he was a teaching assistant at the Faculté des sciences économiques, sociales,politiques et de communication, and was affiliated to the Institute for Economicand Social Research (IRES).</p>
01
eng
236
00
236
03
K
29
2012
3305
SCIENCES ECONOMIQUES
12
KCB
24
INTERNET
Macro-économie
24
INTERNET
Sciences économiques
29
juillet 2013
3328
Macroéconomie
01
06
01
<p>This thesis contributes to two fields of macroeconomics. The first two chapters contribute to the literature that investigates the role of household heterogeneity, in terms of marginal propensity to consume and labor income, for the 'optimal' design of fiscal policies. The first chapter explores how the introduction of household heterogeneity alters the prescriptions derived from the standard optimal fiscal policy framework that only accounts for a representative agent. When heterogeneity is accounted for the government uses taxation and transfers as a redistributing device that only partially corrects for fluctuations in income inequality. The second chapter builds on the results of the first. It develops a quantitative model that is estimated with US data on income and consumption dispersion among households. The model is then used to assess the relevance of the actual US fiscal policy. Unexpectedly, it concludes that the US fiscal policy is close to optimal.<br />
The third chapter contributes to the literature that is at the crossroad of the fields of history of macroeconomics and of macroeconomic pedagogy. It aims at reflecting on the theory used in the first two chapters of the thesis and in the teaching of macroeconomics. It identifies and discuss the deep methodological discrepancy between the theory used in research and graduate macroeconomics courses, on the one hand, and in undergraduate macroeconomic courses, in the other hand.</p>
03
<p>This thesis contributes to two fields of macroeconomics. The first two chapters contribute to the literature that investigates the role of household heterogeneity, in terms of marginal propensity to consume and labor income, for the 'optimal' design of fiscal policies. The first chapter explores how the introduction of household heterogeneity alters the prescriptions derived from the standard optimal fiscal policy framework that only accounts for a representative agent. When heterogeneity is accounted for the government uses taxation and transfers as a redistributing device that only partially corrects for fluctuations in income inequality. The second chapter builds on the results of the first. It develops a quantitative model that is estimated with US data on income and consumption dispersion among households. The model is then used to assess the relevance of the actual US fiscal policy. Unexpectedly, it concludes that the US fiscal policy is close to optimal.<br />
The third chapter contributes to the literature that is at the crossroad of the fields of history of macroeconomics and of macroeconomic pedagogy. It aims at reflecting on the theory used in the first two chapters of the thesis and in the teaching of macroeconomics. It identifies and discuss the deep methodological discrepancy between the theory used in research and graduate macroeconomics courses, on the one hand, and in undergraduate macroeconomic courses, in the other hand.</p>
02
This thesis contributes to two fields of macroeconomics. The first two chapters contribute to the literature that investigates the role of household heterogeneity, in terms of marginal propensity to consume and labor income, for the 'optimal' design of fiscal policies...
01
<p>This thesis contributes to two fields of macroeconomics. The first two chapters contribute to the literature that investigates the role of household heterogeneity, in terms of marginal propensity to consume and labor income, for the 'optimal' design of fiscal policies. The first chapter explores how the introduction of household heterogeneity alters the prescriptions derived from the standard optimal fiscal policy framework that only accounts for a representative agent. When heterogeneity is accounted for the government uses taxation and transfers as a redistributing device that only partially corrects for fluctuations in income inequality. The second chapter builds on the results of the first. It develops a quantitative model that is estimated with US data on income and consumption dispersion among households. The model is then used to assess the relevance of the actual US fiscal policy. Unexpectedly, it concludes that the US fiscal policy is close to optimal.<br />
The third chapter contributes to the literature that is at the crossroad of the fields of history of macroeconomics and of macroeconomic pedagogy. It aims at reflecting on the theory used in the first two chapters of the thesis and in the teaching of macroeconomics. It identifies and discuss the deep methodological discrepancy between the theory used in research and graduate macroeconomics courses, on the one hand, and in undergraduate macroeconomic courses, in the other hand.</p>
03
<p>This thesis contributes to two fields of macroeconomics. The first two chapters contribute to the literature that investigates the role of household heterogeneity, in terms of marginal propensity to consume and labor income, for the 'optimal' design of fiscal policies. The first chapter explores how the introduction of household heterogeneity alters the prescriptions derived from the standard optimal fiscal policy framework that only accounts for a representative agent. When heterogeneity is accounted for the government uses taxation and transfers as a redistributing device that only partially corrects for fluctuations in income inequality. The second chapter builds on the results of the first. It develops a quantitative model that is estimated with US data on income and consumption dispersion among households. The model is then used to assess the relevance of the actual US fiscal policy. Unexpectedly, it concludes that the US fiscal policy is close to optimal.<br />
The third chapter contributes to the literature that is at the crossroad of the fields of history of macroeconomics and of macroeconomic pedagogy. It aims at reflecting on the theory used in the first two chapters of the thesis and in the teaching of macroeconomics. It identifies and discuss the deep methodological discrepancy between the theory used in research and graduate macroeconomics courses, on the one hand, and in undergraduate macroeconomic courses, in the other hand.</p>
02
This thesis contributes to two fields of macroeconomics. The first two chapters contribute to the literature that investigates the role of household heterogeneity, in terms of marginal propensity to consume and labor income, for the 'optimal' design of fiscal policies...
04
<p>1 General Introduction 1<br />
2 Taxes, Transfers and Household Heterogeneity 9<br />
3 Optimal Fiscal Policy in a TANK Model 65<br />
4 The Theoretical Divide in Macroeconomics Textbooks 149<br />
5 General Conclusion 203</p>
<p></p>
99
BE
06
03
01
https://pul.uclouvain.be/resources/titles/29303100103260/images/b0bf8b3daf61246d13276dc8dcdfb87d/HIGHQ/9782390612391.jpg
20220804
07
03
01
https://pul.uclouvain.be/resources/titles/29303100103260/images/b0bf8b3daf61246d13276dc8dcdfb87d/THUMBNAIL/9782390612391.jpg
20220804
02
https://pul.uclouvain.be/book/?GCOI=29303100103260
06
3052405007518
Presses universitaires de Louvain
01
06
3052405007518
Presses universitaires de Louvain
Louvain-la-Neuve
BE
04
20220804
420
2022
01
WORLD
01
9.45
in
02
6.30
in
08
13.47
oz
01
24
cm
02
16
cm
08
382
gr
06
3012405004818
CIACO - DUC
03
WORLD
FR 01 2
20
1
02
00
02
02
STD
02
19.00
EUR
BE
S
21.00
15.70
3.30
06
3019000200508
Librairie Wallonie-Bruxelles
33
www.librairiewb.com/
http://www.librairiewb.com/
02
FR 01 2
20
1
04
00
02
02
STD
02
19.00
EUR
R
5.50
18.01
0.99