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- LIN SHUANGLIN
- University of Nebraska at Omaha
書誌事項
- タイトル別名
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- Budget Deficits Time Preference and the
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説明
This paper studies the effects of budget deficits in a two-country OG model where the rates of time preference differ across countries. It is shown that time preference plays an important role in the determination of the effects of budget deficits on the trade and current account deficits. If the time preferences are identical, then a domestic tax-increase will unambiguously increase its trade surplus, and will decrease (increase) its current account surplus when the real interest rate is greater (less) than the growth rate; but if the time preferences are not identical, then a domestic tax-increase can yield completely different results. In addition, this paper clearly demonstrates that a tax-increase will unambiguously lower the real interest rate.
収録刊行物
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- The Economic Studies Quarterly
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The Economic Studies Quarterly 45 (4), 289-305, 1994
日本経済学会
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詳細情報 詳細情報について
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- CRID
- 1390001205485286528
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- NII論文ID
- 110000372398
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- NII書誌ID
- AN00266049
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- ISSN
- 21854416
- 0557109X
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- NDL書誌ID
- 3581153
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- 本文言語コード
- en
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- データソース種別
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- JaLC
- NDL
- CiNii Articles
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- 抄録ライセンスフラグ
- 使用不可