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Tax Base Variability and Procyclical Fiscal Policy

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NBER2000-01-01 更新2025-01-04 收录
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https://www.nber.org/papers/w7499
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Based on a sample of 56 countries, we find that while fiscal policy in the G-7 countries appears to be broadly consistent with Barro's tax smoothing proposition, in developing countries government spending and taxes are highly procyclical (i.e., government spending rises and taxes fall during
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2000-01-01
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