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Optimal Fiscal Policy in a Business Cycle Model

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NBER1993-10-01 更新2025-01-04 收录
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https://www.nber.org/papers/w4490
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This paper develops the quantitative implications of optimal fiscal policy in a business cycle model. In a stationary equilibrium the ex ante tax rate on capital income is approximately zero. There is an equivalence class of ex post capital income tax rates and bond policies that support a given
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1993-10-01
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