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years, exceeding 80% of the GDP. Its debt and fiscal deficit were the highest among the Visegrád countries during the …
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The paper examines the role of fiscal and monetary policy on the dynamics of monetary expansion in a macroeconomy. Its microeconomic structure defined by producers with neoclassical production functions, heterogeneous OLG consumers, and a stationary fiscal and monetary policy induces a...
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demand. In addition, we examine the effective tax rates in India and find that while investment taxes barely fluctuated … negative effect of increasing labour income taxes on growth. Our result suggests that any emerging country that aims to …
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using a multivariate Fiscal Taylor Rule. Adjustments to taxes and purchases both account for a large portion of the fiscal … response to debt, while authorities seem reluctant to adjust transfers. As expected, taxes are highly procyclical; purchases …
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