Efficient Fiscal Policy and Amplification
收藏NBER2005-07-01 更新2025-01-04 收录
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https://www.nber.org/papers/w11490
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资源简介：
We provide a rationale for the observed pro-cyclicality of tax policies in emerging markets and present a novel mechanism through which tax policy amplifies the business cycle. Our explanation relies on two features of emerging markets: limited access to financial markets and limited commitment to
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美国国家经济研究局创建时间：
2005-07-01
