Fiscal Restructuring in the Group of Seven Major Industrial Countries in the 1990's : Macroeconomic Effects

Macroeconomic Effects

Fiscal Restructuring in the Group of Seven Major Industrial Countries in the 1990's : Macroeconomic Effects
This paper studies the fiscal restructuring of the first half of the 1990s in the major industrial countries. It presents and calibrates a simple model of the labor market and integrates it into a multi-country macroeconomic model that takes into account the effects of distortionary taxes. It then uses the resulting framework to simulate the... READ MORE...

Publication date: March 1995
ISBN 9781451845303
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