Current Account and Budget Deficits in an Intertemporal Model of Consumption and Taxation Smoothing. A Solution to the "Feldstein-Horioka Puzzle"?
收藏NBER1988-11-01 更新2025-01-04 收录
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https://www.nber.org/papers/w2773
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资源简介：
This paper presents an infinite horizon model of consumption and taxation " smoothing" that implies a simple relation between current accounts, budget deficits, investment rates and transitory output shocks. It is argued that such a model could explain the "Feldstein-Horioka puzzle" of the apparent
提供机构：
美国国家经济研究局
创建时间：
1988-11-01
