Endogenous Wealth-Depending Time Preference and Fiscal Policy in Open Economy

In this paper, we study the effectiveness of fiscal policies in a framework of a small open economy where the behaviour of representative consumer is characterised by endogenous time preference which depends on wealth and consumption.

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Year of publication:	2003-09
Authors:	Dai, Meixing
Institutions:	Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München
Subject:	Time preference \| fiscal policy \| open economy

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Extent:	application/pdf
Series:	MPRA Paper.
Type of publication:	Book / Working Paper
Notes:	Published in Economics Bulletin 7.8(2007): pp. 1-7
Classification:	H50 - National Government Expenditures and Related Policies. General ; F34 - International Lending and Debt Problems ; F41 - Open Economy Macroeconomics
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005616751