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Taxes, debts, and redistributions with aggregate shocks
Distorting taxes Transfers. Redistribution Government debt Interest rate risk.
2014/3/18
A planner sets a lump sum transfer and a linear tax on labor income in an economy with incomplete markets, heterogeneous agents, and aggregate shocks. The planner's concerns about redistribution impar...
The Due Diligence Model: A New Approach to the Problem of Odious Debts
capital market classical proponents judicial-style forum subsequent invalidation
2011/9/13
Odious debts are debts incurred by a government without either popular consent or a legitimate public purpose. There is a debate within academic circles as to whether the successor government to a reg...
International debts of developing countries
debts developing countries payment ability debt indicators
2014/2/27
The problem of international debts is, by its character, one of the most complex problems which the world economy is now facing. It complicates both the global balance of payments and the financial ?c...