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...
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| Autres auteurs: | , , |
| Format: | Revue |
| Langue: | English |
| Publié: |
Washington, D.C. :
International Monetary Fund,
2006.
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| Collection: | IMF Working Papers; Working Paper ;
No. 2006/045 |
| Accès en ligne: | Full text available on IMF |