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Fiscal policy in Latin America

Gavin, Michael; Persson, Torsten - In: NBER macroeconomics annual 12 (1997), pp. 11-60

Persistent link: https://www.econbiz.de/10001254166

Are windfalls a curse?: A non-representative agent model of the current account

Tornell, Aaron; Lane, Philip R. - In: Journal of International Economics 44 (1998) 1, pp. 83-112

Persistent link: https://www.econbiz.de/10005527464

Why aren't savings rates in Latin America procyclical?

Lane, Philip R.; Tornell, Aaron - In: Journal of Development Economics 57 (1998) 1, pp. 185-199

Persistent link: https://www.econbiz.de/10005365084

Voracity and Growth

Lane, Philip R.; Tornell, Aaron - Harvard Institute of Economic Research (HIER), … - 1997

We analyze an economy that lacks a strong legal-political institutional infrastructure and is propulated by multiple powerful groups. Powerful groups dynamically interact via a fiscal process that effectively allows open access to the aggregate capital stock. In equilibrium, this leads to slow...

Persistent link: https://www.econbiz.de/10005478846

The Voracity Effect

Lane, Philip R.; Tornell, Aaron - In: American Economic Review 89 (1999) 1, pp. 22-46

The authors analyze an economy that lacks a strong legal-political institutional infrastructure and is populated by multiple powerful groups. Powerful groups dynamically interact via a fiscal process that effectively allows open access to the aggregate capital stock. In equilibrium, this leads...

Persistent link: https://www.econbiz.de/10005237689

Voracity and Growth

Lane, Philip R.; Tornell, Aaron - C.E.P.R. Discussion Papers - 1998

We analyse an economy that lacks a strong legal-political institutional infrastructure and is populated by multiple powerful groups. Powerful groups dynamically interact via a fiscal process that effectively allows open access to the aggregate capital stock. In equilibrium, this leads to slow...

Persistent link: https://www.econbiz.de/10005662300