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without commitment. This policy features a state-contingent macroprudential debt tax that is strictly positive at date t if a …
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This paper analyzes educational choices and political support for subsidies to higher education in the presence of a time-consistency problem in income redistribution. There may be political support for so generous subsidization that it motivates the median voter to obtain higher education. As a...
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without commitment. This policy features a state-contingent macroprudential debt tax that is strictly positive at date t if a …
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without commitment. This policy features a state-contingent macroprudential debt tax that is strictly positive at date t if a …
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without commitment. This policy features a state-contingent macroprudential debt tax that is strictly positive at date t if a …
Persistent link: https://www.econbiz.de/10012458958