Saving Europe?: The Unpleasant Arithmetic of Fiscal Austerity in Integrated Economies
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What are the macroeconomic effects of tax adjustments in response to large public debt shocks in highly integrated economies? The answer from standard closed-economy models is deceptive, because they underestimate the elasticity of capital tax revenues and ignore cross-country spillovers of tax
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美国国家经济研究局创建时间：
2014-06-01
