Consider an increase in the lump-sum taxes paid by old people. Find its effect on wealth consumption
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Consider an increase in the lump-sum taxes paid by old people. Find its effect on wealth consumption when young and old and on saving by the young. Assume that capital is the only asset in the economy. What effect does the tax increase have on output?
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Related Book For
Modeling Monetary Economies
ISBN: 978-1107145221
4th Edition
Authors: Bruce Champ, Scott Freeman, Joseph Haslag
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