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Persistent link: https://www.econbiz.de/10005328879
, the optimal capital tax is unambiguously negative and affects the economy countercyclically. Our analysis shows that …
Persistent link: https://www.econbiz.de/10005329006
This paper reexamines the effect of expansionary fiscal policy on the real GDP in the presense of entrepreneurship - firms' activities to predict and react to changes in consumers' taste. The existence of partial crowding out in this paper generates a trade off between private consumption and...
Persistent link: https://www.econbiz.de/10005342214
This paper reexamines the effect of expansionary fiscal policy on the real GDP in the presense of entrepreneurship - firms' activities to predict and react to changes in consumers' taste. The existence of partial crowding out in this paper generates a trade off between private consumption and...
Persistent link: https://www.econbiz.de/10005063765