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public capital externality. The model is calibrated to the U.S. economy, and experiments are run under which the tax regime …
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studying the dynamics of the transition to a low fossil-fuel economy. We focus on the adverse effects of increase in …
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Many LDCs suffer from low levels of private investment, from acute shortages of social and physical infrastructure, and from widespread poverty and underemployment. How can trade policy help combat these problems?
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entrepreneurship due to relative wealth concerns. A change in the profile of the economy to include more risk-averse people results in …
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does not affect the economy and feed these data to both the SVAR and the New Keynesian model. We find two outcomes. First …
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