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Date: 2004
Language: eng
Resource Type: journal article
Identifier: http://hdl.handle.net/1959.14/75139
Description: We derive necessary and sufficient conditions for the martingale-like behavior of tax rates. The world real interest rate is exogenous to the small domestic economy. Consumers are risk averse and mark ... More
Reviewed: Reviewed
Date: 2003
Language: eng
Resource Type: journal article
Identifier: http://hdl.handle.net/1959.14/75149
Description: We use the permanent income hypothesis as the framework to analyze a number of results from recent empirical macroeconomic research. First, we demonstrate that the “productivity” shock isolated in bot ... More
Reviewed: Reviewed
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