Matches in SemOpenAlex for { <https://semopenalex.org/work/W2062107002> ?p ?o ?g. }
- W2062107002 abstract "This paper presents a model where income distribution and redistributive fiscal policy interact to affect the budget deficit and the pattern of net borrowing of a country. According to the standard representative agent paradigm, a small open economy should smooth consumption by borrowing from (lending to) the rest of the world when its income increases (declines) over time. The simple model of this paper delivers exactly the same predictions in the absence of income dispersion. When income distribution is not degenerate, however, the same model gives rise to a surprising wealth of results. In particular, poor economies with high inequality may exhibit completely counter-intuitive patterns of fiscal policy and external borrowing. The country's production path declines over time, because the more mobile agents leave the country to escape taxation; yet, the country might end up having a budget deficit and borrowing from abroad, thereby reinforcing rather than smoothing the asymmetry in consumption between the two periods. An important feature of this outcome is that it is backed by both the poor and the rich, who gain from the fiscal system at the expense of the middle class." @default.
- W2062107002 created "2016-06-24" @default.
- W2062107002 creator A5026534037 @default.
- W2062107002 date "1996-07-01" @default.
- W2062107002 modified "2023-09-23" @default.
- W2062107002 title "Redistribution and Non-Consumption Smoothing in an Open Economy" @default.
- W2062107002 cites W1575897191 @default.
- W2062107002 cites W1821371531 @default.
- W2062107002 cites W1994097978 @default.
- W2062107002 cites W2031975519 @default.
- W2062107002 cites W2064149514 @default.
- W2062107002 cites W2074689140 @default.
- W2062107002 cites W2249081876 @default.
- W2062107002 cites W2889902141 @default.
- W2062107002 cites W3021722435 @default.
- W2062107002 cites W3121301560 @default.
- W2062107002 cites W3121654483 @default.
- W2062107002 cites W3122625236 @default.
- W2062107002 cites W3123668068 @default.
- W2062107002 cites W3143112008 @default.
- W2062107002 doi "https://doi.org/10.2307/2297889" @default.
- W2062107002 hasPublicationYear "1996" @default.
- W2062107002 type Work @default.
- W2062107002 sameAs 2062107002 @default.
- W2062107002 citedByCount "27" @default.
- W2062107002 countsByYear W20621070022012 @default.
- W2062107002 countsByYear W20621070022013 @default.
- W2062107002 countsByYear W20621070022015 @default.
- W2062107002 countsByYear W20621070022019 @default.
- W2062107002 countsByYear W20621070022020 @default.
- W2062107002 crossrefType "journal-article" @default.
- W2062107002 hasAuthorship W2062107002A5026534037 @default.
- W2062107002 hasBestOaLocation W20621070022 @default.
- W2062107002 hasConcept C110121322 @default.
- W2062107002 hasConcept C110458093 @default.
- W2062107002 hasConcept C134306372 @default.
- W2062107002 hasConcept C139719470 @default.
- W2062107002 hasConcept C144024400 @default.
- W2062107002 hasConcept C162324750 @default.
- W2062107002 hasConcept C17744445 @default.
- W2062107002 hasConcept C199539241 @default.
- W2062107002 hasConcept C2776988154 @default.
- W2062107002 hasConcept C2777883944 @default.
- W2062107002 hasConcept C2778126366 @default.
- W2062107002 hasConcept C2778135664 @default.
- W2062107002 hasConcept C2778762746 @default.
- W2062107002 hasConcept C30772137 @default.
- W2062107002 hasConcept C33923547 @default.
- W2062107002 hasConcept C36289849 @default.
- W2062107002 hasConcept C45555294 @default.
- W2062107002 hasConcept C519300510 @default.
- W2062107002 hasConcept C524878704 @default.
- W2062107002 hasConcept C556758197 @default.
- W2062107002 hasConcept C74080474 @default.
- W2062107002 hasConcept C83873408 @default.
- W2062107002 hasConcept C94625758 @default.
- W2062107002 hasConceptScore W2062107002C110121322 @default.
- W2062107002 hasConceptScore W2062107002C110458093 @default.
- W2062107002 hasConceptScore W2062107002C134306372 @default.
- W2062107002 hasConceptScore W2062107002C139719470 @default.
- W2062107002 hasConceptScore W2062107002C144024400 @default.
- W2062107002 hasConceptScore W2062107002C162324750 @default.
- W2062107002 hasConceptScore W2062107002C17744445 @default.
- W2062107002 hasConceptScore W2062107002C199539241 @default.
- W2062107002 hasConceptScore W2062107002C2776988154 @default.
- W2062107002 hasConceptScore W2062107002C2777883944 @default.
- W2062107002 hasConceptScore W2062107002C2778126366 @default.
- W2062107002 hasConceptScore W2062107002C2778135664 @default.
- W2062107002 hasConceptScore W2062107002C2778762746 @default.
- W2062107002 hasConceptScore W2062107002C30772137 @default.
- W2062107002 hasConceptScore W2062107002C33923547 @default.
- W2062107002 hasConceptScore W2062107002C36289849 @default.
- W2062107002 hasConceptScore W2062107002C45555294 @default.
- W2062107002 hasConceptScore W2062107002C519300510 @default.
- W2062107002 hasConceptScore W2062107002C524878704 @default.
- W2062107002 hasConceptScore W2062107002C556758197 @default.
- W2062107002 hasConceptScore W2062107002C74080474 @default.
- W2062107002 hasConceptScore W2062107002C83873408 @default.
- W2062107002 hasConceptScore W2062107002C94625758 @default.
- W2062107002 hasLocation W20621070021 @default.
- W2062107002 hasLocation W20621070022 @default.
- W2062107002 hasOpenAccess W2062107002 @default.
- W2062107002 hasPrimaryLocation W20621070021 @default.
- W2062107002 hasRelatedWork W1551787901 @default.
- W2062107002 hasRelatedWork W1563390410 @default.
- W2062107002 hasRelatedWork W1921676462 @default.
- W2062107002 hasRelatedWork W1986691647 @default.
- W2062107002 hasRelatedWork W2025610165 @default.
- W2062107002 hasRelatedWork W2031975519 @default.
- W2062107002 hasRelatedWork W2034421007 @default.
- W2062107002 hasRelatedWork W2041175506 @default.
- W2062107002 hasRelatedWork W2056660337 @default.
- W2062107002 hasRelatedWork W2091911476 @default.
- W2062107002 hasRelatedWork W2121178918 @default.
- W2062107002 hasRelatedWork W2145021151 @default.
- W2062107002 hasRelatedWork W2155685157 @default.
- W2062107002 hasRelatedWork W2268775036 @default.
- W2062107002 hasRelatedWork W2922558611 @default.
- W2062107002 hasRelatedWork W3121654483 @default.
- W2062107002 hasRelatedWork W3122861183 @default.