costly. The first part determines the credit market equilibrium and the optimal number of banks, prior to joining the union … the added monitoring costs that banks may incur when operating outside their home country, through an argument akin to the …

costly. The first part determines the credit market equilibrium and the optimal number of banks, prior to joining the union … the added monitoring costs that banks may incur when operating outside their home country, through an argument akin to the …

costly. The first part determines the credit market equilibrium and the optimal number of banks, prior to joining the union … the added monitoring costs that banks may incur when operating outside their home country, through an argument akin to the …

This paper derives the dependency of optimal tariff and inflation tax on tax collection and enforcement costs. The … analysis is done for a small, open economy. The existence of such costs can justify tariff and inflation tax policies as … the costs of tax collection …

This paper derives the dependency of optimal tariff and inflation tax on tax collection and enforcement costs. The … analysis is done for a small, open economy. The existence of such costs can justify tariff and inflation tax policies as … the costs of tax collection …

This paper evaluates optimal public investment and fiscal policy for countries characterized by limited tax and debt … effective tax rate. We show how persistent differences in growth rates across countries could stem from differential public … constant in the economy with or without a binding constraint on tax revenues as a share of GDP current non-durable public goods …