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Browsing by Author "Lecca, Patrizio"
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Balanced budget multipliers for small open regions within a federal system : evidence from the Scottish variable rate of income tax
Lecca, Patrizio; McGregor, Peter; Swales, Kim; Yin, Ya (2014-06-02)This paper explores the impact on aggregate economic activity in a small, open region of an income tax funded expansion in public consumption that has no direct supply-side effects. The conventional balanced budget multiplier ...