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Author: Marco Maffezzoli
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A reduction in income tax rates generates substantial dynamic responses within the framework of the standard neoclassical growth model. The short-run revenue loss after an income tax cut is partly - or, depending on para...Read more...
Alejandro Cuñat, Szabolcs Deak and Marco Maffezzoli
We present a dynamic comparative advantage model in which moderate reductions in trade costs can generate sizable increases in trade volumes over time. A fall in trade costs has two effects on the volume of trade. First,...Read more...
Alejandro Cuñat and Marco Maffezzoli