Tax Reforms, 'Free Lunches', and 'Cheap Lunches' in Open Economies /
This paper focuses on the macroeconomic and budgetary impact of tax reforms in a New Keynesian two-country model. Our results show that both income and consumption unilateral tax rate reductions do not constitute a "free lunch", in the sense that they have negative budgetary consequences f...
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| Format: | Czasopismo |
| Język: | English |
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Washington, D.C. :
International Monetary Fund,
2008.
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| Seria: | IMF Working Papers; Working Paper ;
No. 2008/227 |
| Dostęp online: | Full text available on IMF |