1
by Fotiou, Alexandra
Published 2020
International Monetary Fund
... VAR, this paper finds that the output effect of capital income tax cuts is government debt-dependent...

2
by Shen, Wenyi
Published 2012
International Monetary Fund
... sectoral rigidities, and a less flexible exchange rate. Whether the twin-deficit hypothesis holds depends...

3
by Bi, Huixin
Published 2014
International Monetary Fund
... default risks. State-dependent distributions of fiscal limits are simulated based on macroeconomic...