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This study provides some perspective on analyzing the effects of corporate taxation on capital formation. Our framework … impact on policy. The remainder of the paper focuses on the substitution elasticity between labor and capital. Several of the …
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This paper provides a survey of the recent literature about firing costs and discusses the transmission channels of firing costs in a partial equilibrium context. In addition, we expand our analysis two types of firing costs in a New Keynesian model with purely endogenous separations. We further...
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