A New-Open-Economy Macro Model for Fiscal Policy Evaluation

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 generations. We consider a permanent increase... READ MORE...

Publication date: February 2006
ISBN 9781451863055
$15.00

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