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Economic growth with constraints on tax revenues and public debt : implications for fiscal policy and cross-country differences
Aizenman, Joshua; Kletzer, Kenneth; Pinto, Brian - 2007
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 …
Persistent link: https://www.econbiz.de/10003854944
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Economic growth with constraints on tax revenues and public debt : implications for fiscal policy and cross-country differences
Aizenman, Joshua (contributor); Kletzer, Kenneth (contributor) - 2007
Persistent link: https://www.econbiz.de/10003411821
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Economic growth with constraints on tax revenues and public debt : implications for fiscal policy and cross-country differences
Aizenman, Joshua; Kletzer, Kenneth; Pinto, Brian - 2007
Persistent link: https://www.econbiz.de/10003408551
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On the complementarity of commercial policy, capital controls and inflation tax
Aizenman, Joshua - 1985
Persistent link: https://www.econbiz.de/10003478166
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Aid volatility and poverty traps
Agénor, Pierre-Richard; Aizenman, Joshua - 2007
Persistent link: https://www.econbiz.de/10003547904
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Aid volatility and poverty traps
Agénor, Pierre-Richard; Aizenman, Joshua - In: Journal of development economics 91 (2010) 1, pp. 1-7
Persistent link: https://www.econbiz.de/10003924248
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Aid Volatility and Poverty Traps
Agenor, Pierre-Richard - 2013
This paper studies the impact of aid volatility in a two-period model where production may occur with either a traditional or a modern technology. Public spending is productive and quot;time to buildquot; requires expenditure in both periods for the modern technology to be used. The possibility...
Persistent link: https://www.econbiz.de/10012753834
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Aid Volatility and Poverty Traps
Agénor, Pierre-Richard - 2007
This paper studies the impact of aid volatility in a two-period model where production may occur with either a traditional or a modern technology. Public spending is productive and "time to build" requires expenditure in both periods for the modern technology to be used. The possibility of a...
Persistent link: https://www.econbiz.de/10012465250
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The impossible trinity ; from the policy trilemma to the policy quadrilemma
Aizenman, Joshua - 2011
The policy Trilemma (the ability to accomplish only two policy objectives out of financial integration, exchange rate stability and monetary autonomy) remains a valid macroeconomic framework. The financial globalization during 1990s-2000s reduced the weighted average of exchange rate stability...
Persistent link: https://www.econbiz.de/10008908358
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The impossible trinity (aka the policy Trilemma) : the encyclopedia of financial globalization
Aizenman, Joshua - 2010
The policy Trilemma (the ability to accomplish only two out of three policy objectives -financial integration, exchange rate stability and monetary autonomy) continues to be a valid macroeconomic framework. The financial globalization during 1990s-2000s reduced the weighted average of exchange...
Persistent link: https://www.econbiz.de/10008647622