WEAKLY NONSEPARABLE PREFERENCES AND DISTORTIONARY TAXES IN A SMALL OPEN-ECONOMY

被引：13

作者：

SHI, SY

机构：

来源：

INTERNATIONAL ECONOMIC REVIEW | 1994年 / 35卷 / 02期

关键词：

D O I：

10.2307/2527061

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper examines the dynamic effects of distortionary taxes in a small open economy. The employed utility function implies both endogenous rates of time preference and a tractable form of weak nonseparability between consumption and leisure. Weak nonseparability induces novel long-run welfare and wealth effects of taxes and generates very different current account movements. Endogenous rates of time preference facilitate the examination of a tax on international borrowing and lending.

引用

页码：411 / 428

页数：18

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