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Destabilizing Balanced-Budget Consumption Taxes in Multi-Sector Economies
We examine the impact of balanced-budget consumption taxes on the existence of expectations-driven business cycles in two-sector economies with infinitely-lived... -
Destabilization Effect of International Trade in a Perfect Foresight Dynamic ...
In the present paper, we consider a two-country, two-good, two-factor general equilibrium model with CIES non-linear preferences, asymmetric technologies across...
