A New-Open-Economy Macro Model for Fiscal Policy Evaluation
| Author/creator | Muir, Dirk Author |
| Other author | Laxton, Douglas Author |
| Other author | Botman, Dennis P. J. Author |
| Format | Electronic |
| Publication Info | Washington : International Monetary Fund |
| Description | 28 p. |
| Supplemental Content | Full text available from Ebook Central - Academic Complete |
| Summary | Annotation We develop a New-Open-Economy-Macro model in which Ricardian equivalence does not hold because of (i) distortionary labor and corporate income taxation; (ii) limited asset market participation; and (iii) because the overlapping-generations structure results in a disconnect between current and future generations. We consider a permanent increase in government debt following a cut in labor or corporate income taxes in a small and large open economy. We analyze the sensitivity of the results to the key structural parameters of the model and argue that under plausible assumptions there will be significant crowding-out effects associated with permanent increases in government debt. |
| Access restriction | Available only to authorized users. |
| Technical details | Mode of access: World Wide Web |
| Genre/form | Electronic books. |
| ISBN | 9781451908411 |
| ISBN | 1451908415 (E-Book) Active Record |
| Stock number | 00013468 |
Availability
| Library | Location | Call Number | Status | Item Actions |
|---|---|---|---|---|
| Electronic Resources | Access Content Online | ✔ Available |