Expenditure composition and distortionary tax for equitable economic growth / Hyun Park.

This paper continues the study of optimal fiscal policy in a growing economy by exploring a case in which the government simultaneously provides three main categories of expenditures with distortionary tax finance: public production services, public consumption services, and state-contingent redistr...

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Bibliographic Details
Main Author: Park, Hyun (Author)
Corporate Author: International Monetary Fund. Fiscal Affairs Department
Format: eBook
Language:English
Published: [Washington, D.C.] : International Monetary Fund, Fiscal Affairs Dept., ©2006.
Series:IMF working paper ; WP/06/165.
Subjects:
Online Access:Click for online access
Table of Contents:
  • Contents
  • I. INTRODUCTION
  • II. THE DECENTRALIZED COMPETITIVE EQUILIBRIUM
  • III. RAMSEY OPTIMAL POLICY AND EQUILIBRIUM
  • IV. EMPIRICAL OBSERVATIONS
  • V. CONCLUDING REMARKS