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Terms and Essays -- Deposit Insurance Schemes -- Gramm-Leach-Bliley Act: Creating a New Bank for a New Millennium … Under Rank Transformation -- Corporate Failure: Definitions, Methods, and Failure Prediction Models -- Main Bank … Finance: The Case of Natural Disasters and Bank Responses -- Financial Panel Data Models, Strict versus Contemporaneous …
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To explain the fact that government spending and tax policy are procyclical in emerging and developing countries, we develop a model for the joint behavior of optimal tax rates and government spending over the business cycle. Our set-up relies on financial frictions, which have been shown to be...
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