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current fiscal rules, since Norway is on a trajectory of turning a current net asset-GDP-ratio close to one into a net debt-GDP …
Persistent link: https://www.econbiz.de/10013070656
optimal policy involves cutting distortionary taxation in order to raise investment and wages; and where Ricardian consumers …
Persistent link: https://www.econbiz.de/10012764524
building assets of approximately 40 per cent of GDP in 2030, 100 per cent of GDP in 2050 and 165 per cent in 2100. Finally, the …
Persistent link: https://www.econbiz.de/10012979602
In this paper we revisit the Dutch disease paying particular attention to the role of specific factors of production and capital stock dynamics. The main insight is that if the natural resource rich windfall is substantial but not large enough for the country to become a rentier, capital goods...
Persistent link: https://www.econbiz.de/10013316031