1. Government spending. Consider the Weil (1989a) model of section 7.1.2.2. Assume now that there is government...

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1. Government spending. Consider the Weil (1989a) model of section 7.1.2.2. Assume now that there is government consumption spending of g per capita, financed by an equiproportionate tax on all those currently alive.

(a) How does the introduction of tax-financed government spending affect eqs. (30) and (32)?

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Foundations Of International Macroeconomics

ISBN: 9780262150477

1st Edition

Authors: Maurice Obstfeld, Kenneth S. Rogoff

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Question Posted: Nov 08, 2024 02:00 AM

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1. Government spending. Consider the Weil (1989a) model of section 7.1.2.2. Assume now that there is government...

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Foundations Of International Macroeconomics

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