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A New-Open-Economy Macro Model for Fiscal Policy Evaluation /
We develop a New-Open-Economy-Macro model in which Ricardian equivalence does not hold because of (i) distortionary labor and corporate income taxation; (ii) limited asset market participation; and (iii) because the overlapping-generations structure results in a disconnect between current and future...
| Clasificación: | Libro Electrónico |
|---|---|
| Autor principal: | |
| Autor Corporativo: | |
| Otros Autores: | , , |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Washington, D.C. :
International Monetary Fund,
2006.
|
| Colección: | IMF Working Papers ;
Working Paper no. 06/45. |
| Temas: | |
| Acceso en línea: | Texto completo |
MARC
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| 100 | 1 | |a Muir, Dirk. | |
| 245 | 1 | 2 | |a A New-Open-Economy Macro Model for Fiscal Policy Evaluation / |c Muir, Dirk. |
| 260 | |a Washington, D.C. : |b International Monetary Fund, |c 2006. | ||
| 300 | |a 1 online resource (46 pages) | ||
| 336 | |a text |b txt |2 rdacontent | ||
| 337 | |a computer |b c |2 rdamedia | ||
| 338 | |a online resource |b cr |2 rdacarrier | ||
| 490 | 1 | |a IMF Working Papers, |x 2227-8885 ; |v Working Paper No. 06/45 | |
| 500 | |a Available in PDF, ePUB, and Mobi formats on the Internet. | ||
| 520 | 3 | |a We develop a New-Open-Economy-Macro model in which Ricardian equivalence does not hold because of (i) distortionary labor and corporate income taxation; (ii) limited asset market participation; and (iii) because the overlapping-generations structure results in a disconnect between current and future generations. We consider a permanent increase in government debt following a cut in labor or corporate income taxes in a small and large open economy. We analyze the sensitivity of the results to the key structural parameters of the model and argue that under plausible assumptions there will be significant crowding-out effects associated with permanent increases in government debt. | |
| 504 | |a Includes bibliographical references (pages 23-26). | ||
| 505 | 0 | |a ""Contents""; ""I. Introduction""; ""II. The Model""; ""III. The Effects of Tax Cuts in a Small and Large Open Economy""; ""IV. Sensitivity Analysis""; ""V. Conclusion""; ""References"" | |
| 590 | |a ProQuest Ebook Central |b Ebook Central Academic Complete | ||
| 650 | 0 | |a Fiscal policy |x Econometric models. | |
| 650 | 0 | |a Macroeconomics. | |
| 650 | 6 | |a Politique fiscale |x Modèles économétriques. | |
| 650 | 6 | |a Macroéconomie. | |
| 650 | 7 | |a Fiscal policy |x Econometric models |2 fast | |
| 650 | 7 | |a Macroeconomics |2 fast | |
| 700 | 1 | |a Muir, Dirk. | |
| 700 | 1 | |a Romanov, Andrei. | |
| 700 | 1 | |a Laxton, Douglas. | |
| 700 | 1 | |a Botman, Dennis P. J. | |
| 710 | 2 | |a International Monetary Fund. | |
| 758 | |i has work: |a A new open-economy-macro model fiscal policy evaluation (Text) |1 https://id.oclc.org/worldcat/entity/E39PCFMxGk9P7JwJycbDffXHfm |4 https://id.oclc.org/worldcat/ontology/hasWork | ||
| 830 | 0 | |a IMF Working Papers ; |v Working Paper no. 06/45. | |
| 856 | 4 | 0 | |u https://ebookcentral.uam.elogim.com/lib/uam-ebooks/detail.action?docID=3014319 |z Texto completo |
| 938 | |a ProQuest Ebook Central |b EBLB |n EBL3014319 | ||
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| 938 | |a ProQuest MyiLibrary Digital eBook Collection |b IDEB |n 382729 | ||
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