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Tax systems and public borrowing limits in a fiscal union
This paper compares the implications of tax system and public borrowing limit asymmetries for the welfare cost of business cycles and interregional consumption risk sharing in a two-region fiscal union. We identify the welfare-improving and risk-sharing-improving designs of the regional tax systems...
| Autores principales: | , |
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| Formato: | Online Artículo Texto |
| Lenguaje: | English |
| Publicado: |
Springer US
2022
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| Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8742716/ https://www.ncbi.nlm.nih.gov/pubmed/35035101 http://dx.doi.org/10.1007/s10797-021-09708-8 |