Robust effects of a debt-financed tax cut in an economy with incomplete markets |
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Authors: | Divino Jose Angelo Orrillo Jaime |
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Affiliation: | 1.Graduate Program of Economics, Catholic University of Brasilia, QS 07, Lote 01 - EPCT, Office K-244, Brasilia, DF, 71966-700, Brazil ; |
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Abstract: | International Tax and Public Finance - We propose a two-period pure-exchange economy with spot and nominal security markets and a government that enacts a debt-financed tax cut in the first period... |
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