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150128 ||| eng |
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|a 9781451942729
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| 245 |
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|a Optimal Intertemporal Taxationon Consumption and the Term Structure of Government Debt
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 1988
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| 300 |
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|a 20 pages
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| 653 |
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|a Wealth
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| 653 |
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|a Economics
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| 653 |
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|a Public debt
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| 653 |
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|a Income
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| 653 |
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|a Optimal taxation
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| 653 |
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|a Optimal Taxation
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| 653 |
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|a Public finance & taxation
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| 653 |
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|a Saving
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| 653 |
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|a Debt Management
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| 653 |
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|a Debts, Public
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| 653 |
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|a Debt
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| 653 |
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|a Aggregate Factor Income Distribution
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| 653 |
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|a Sovereign Debt
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| 653 |
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|a Business Taxes and Subsidies
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| 653 |
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|a Consumption taxes
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| 653 |
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|a Efficiency
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| 653 |
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|a Consumption
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| 653 |
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|a Macroeconomics
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| 653 |
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|a Tax administration and procedure
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| 653 |
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|a Macroeconomics: Consumption
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| 653 |
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|a Taxation
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| 653 |
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|a Public Finance
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| 653 |
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|a Spendings tax
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| 710 |
2 |
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|a International Monetary Fund
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| 041 |
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|a eng
|2 ISO 639-2
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| 989 |
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|b IMF
|a International Monetary Fund
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| 490 |
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|a IMF Working Papers
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| 028 |
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|a 10.5089/9781451942729.001
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| 856 |
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|u https://elibrary.imf.org/view/journals/001/1988/115/001.1988.issue-115-en.xml?cid=27450-com-dsp-marc
|x Verlag
|3 Volltext
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| 082 |
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|a 330
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| 520 |
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|a This paper addresses the time-consistency problem of optimal policy when intertemporal prices are inflexible. For small, open economies facing given world interest rates, it shows that a consumption tax, rather than a tax on wage income, is time-consistent under a variety of circumstances, even including some cases where the optimal tax rate is not constant over time. This result, when it applies, restores the neutrality of the term structure of government debt, and reaffirms the tax-smoothing theory of debt determination
|