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Summary
| Description |
English: Stability analysis of the model for different tax rates. For a given interest rate rM, there exists a minimum consumption out of wealth α2 for which the model is stable. An increase in the tax rate θ reduces this threshold. If consumption out of wealth is smaller than interest income after taxes (as indicated by the red dashed lines), the fixed point will definitely be unstable, as inflows to households are always bigger than outflows for α1 < 1. |
| Date | |
| Source | Matthew Berg, Brian Hartley, Oliver Richters: A Stock-Flow Consistent Input-Output Model with Applications to Energy Price Shocks, Interest Rates, and Heat Emissions. In: New Journal of Physics, Vol. 17, no. 1, January 2015, Art. 015011, DOI:10.1088/1367-2630/17/1/015011. Image File. Article published under terms of the Creative Commons Attribution 3.0 licence. |
| Author | Matthew Berg, Brian Hartley, Oliver Richters |
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| Date/Time | Thumbnail | Dimensions | User | Comment | |
|---|---|---|---|---|---|
| current | 21:25, 14 April 2020 | | 760 × 609 (108 KB) | ElisaDodge | =={{int:filedesc}}== {{Information |description={{en|1=Stability analysis of the model for different tax rates. For a given interest rate r<sub>M</sub>, there exists a minimum consumption out of wealth α<sub>2</sub> for which the model is stable. An increase in the tax rate θ reduces this threshold. If consumption out of wealth is smaller than interest income after taxes (as indicated by the red dashed lines), the fixed point will definitely be unstable, as inflows to households are always bi... |
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