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Optimal Tax and Debt Policy with Endogenously Imperfect Creditworthiness

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NBER1996-05-01 更新2025-01-04 收录
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https://www.nber.org/papers/w5558
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This paper shows that the patterns of optimal tax rates and borrowing in the presence of endogenous borrowing constraints differ considerably from the patterns observed with fully integrated capital markets. We study a developing country characterized by a costly tax collection. Its access to the
提供机构:
美国国家经济研究局
创建时间:
1996-05-01
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