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We study optimal fiscal policy in a small open economy (SOE) with sovereign and private default risk. The SOE …. We characterize a class of environments in which the tax on labor goes to zero in the long run, while the tax on capital …
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characteristics of insurance risk, to (b) the quantification of this risk through risk measures, to (c) the application of these … concepts to problems of allocating capital within an insurance company. The second is the identification and analysis of a …
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