Explaining Sudden Stops, Growth Collapse and BOP Crises: The Case of Distortionary Output Taxes
收藏NBER2003-07-01 更新2025-01-04 收录
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https://www.nber.org/papers/w9864
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资源简介：
The paper discusses a model in which growth is a negative function of fiscal burden. Moreover, growth discontinuously switches from high to low as fiscal burden reaches a critical level. Growth collapse is associated with a Sudden Stop of capital inflows, real depreciation and a drop in output
提供机构：
美国国家经济研究局
创建时间：
2003-07-01
