Changes

Jump to navigation Jump to search
no edit summary
{{Article
|Has page=Alesina Drazen (1991) - Why Are Stabilizations Delayed
|Has bibtex key=
|Has article title=Why Are Stabilizations Delayed
|Has author=Alesina Drazen
|Has year=1991
|In journal=
|In volume=
|In number=
|Has pages=
|Has publisher=
}}
*This page is referenced in [[BPP Field Exam Papers]]
Taxes before stabilization are therefore:
:<math>\underbrace{\tau(t) }_{\mbox{Taxes}} = \overbrace{\gamma}^{\mbox{Taxed percent}}\times\underbrace{(rb(t) +g_o)}_{\mbox{Total expenditures}}\,</math>
:<math>\therefore \tau(t) = \gamma r \bar{b}^{(1-\gamma)rt}\,</math>

Navigation menu