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Persistent link: https://www.econbiz.de/10001427822
This paper analyzes the role of nominal assets in ranking intertemporal budget policies in a growing open economy. The budget policies are ranked in terms of the public's intertemporal stock of tax liabilities. Our main result is that, in a small open economy, the valuation of private and public...
Persistent link: https://www.econbiz.de/10010292787
This paper analyzes the role of nominal assets in ranking intertemporal budget policies in a growing open economy. The budget policies are ranked in terms of the public's intertemporal stock of tax liabilities. Our main result is that, in a small open economy, the valuation of private and public...
Persistent link: https://www.econbiz.de/10009724427
We analyze the role of government intertemporal budget policies in a growing open economy including nominal assets in the presence of an upward sloping supply of debt. This introduces transitional dynamics that influence the effects of government policy instruments on the long term fiscal...
Persistent link: https://www.econbiz.de/10009686208
Persistent link: https://www.econbiz.de/10011295383
Persistent link: https://www.econbiz.de/10002610525
We analyze the role of government intertemporal budget policies in a growing open economy including nominal assets in the presence of an upward sloping supply of debt. This introduces transitional dynamics that influence the effects of government policy instruments on the long term fiscal...
Persistent link: https://www.econbiz.de/10013037984
This paper analyzes the role of nominal assets in ranking intertemporal budget policies in a growing open economy. Budget policies are ranked in terms of the public's intertemporal tax liability. In our small open economy model, the constraint for the valuation of private and public financial...
Persistent link: https://www.econbiz.de/10014067447
Persistent link: https://www.econbiz.de/10009228948
Persistent link: https://www.econbiz.de/10001583868