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Endogenous Wealth-Depending Time Preference and Fiscal Policy in Open Economy

Dai, Meixing (2003): Endogenous Wealth-Depending Time Preference and Fiscal Policy in Open Economy. Published in: Economics Bulletin , Vol. 8, No. 7 (July 2007): pp. 1-7.

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Abstract

In this paper, we study the effectiveness of fiscal policies in a framework of a small open economy where the behaviour of representative consumer is characterised by endogenous time preference which depends on wealth and consumption.

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