Academic literature on the topic 'Ramsey rule'

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Journal articles on the topic "Ramsey rule"

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Yang, Chin W., and Kenneth R. Stitt. "The Ramsey Rule Revisited." Southern Economic Journal 61, no. 3 (1995): 767. http://dx.doi.org/10.2307/1060996.

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Holcombe, Randall G. "The Ramsey Rule Reconsidered." Public Finance Review 30, no. 6 (2002): 562–78. http://dx.doi.org/10.1177/109114202238003.

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Warreir, P. Nandakumar. "Optimum Commodity Taxation When Employment Matters." International Review of Business and Economics 5, no. 2 (2021): 73–85. http://dx.doi.org/10.56902/irbe.2021.5.2.4.

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Ramsey's inelasticity rule for optimum commodity taxation has been criticized for indicating tax rates for basic necessities which have lower elasticities of demand than luxury consumption items. However, it is noted that skillful marketing techniques tend to lower the demand elasticities of luxury items so that it is not evident that the Ramsey rule is inequitable. In this paper equity concerns from a macroeconomic viewpoint are introduced, modifying the Ramsey rule approach by including total employment in the decision-maker's utility function. Then it is seen that the relative tax rate of t
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Kiarsi, Mehrab. "Optimal fiscal and monetary policy under different fiscal instruments." Journal of Economic Studies 48, no. 1 (2020): 167–90. http://dx.doi.org/10.1108/jes-11-2019-0508.

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PurposeThe paper includes characterizing Ramsey policy in a cash-in-advance monetary model, under flexible and sticky prices, and with different fiscal instruments.Design/methodology/approachThe paper analytically and numerically characterizes the dynamic properties of Ramsey allocations. The author computes dynamics by solving second-order approximations to the Ramsey planner’s policy functions around a non-stochastic Ramsey steady state.FindingsThe Friedman rule is not mainly optimal in a cash-in-advance model with distorting taxes. The Ramsey-optimal policy with both taxes on income and con
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Otaki, Masayuki. "Modified Ramsey Rule and Optimal Carbon Tax." Atmospheric and Climate Sciences 06, no. 02 (2016): 267–72. http://dx.doi.org/10.4236/acs.2016.62022.

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Kuninori, Morio, and Masayuki Otaki. "Modified Ramsey Rule, Optimal Carbon Tax and Economic Growth." Atmospheric and Climate Sciences 06, no. 02 (2016): 224–35. http://dx.doi.org/10.4236/acs.2016.62019.

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Emmerling, Johannes. "Discounting and intragenerational equity." Environment and Development Economics 23, no. 1 (2017): 19–36. http://dx.doi.org/10.1017/s1355770x17000365.

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AbstractWe study the social discount rate, taking into account inequality within generations, that is, across countries or individuals. We show that if inequality decreases over time, the social discount rate should be lower than the one obtained by the standard Ramsey rule under certain but reasonable conditions. Applied to the global discount rate and due to the projected convergence across countries, this implies that the inequality adjusted discount rate should be about twice as high as the standard Ramsey rule predicts. For individual countries on the other hand, where inequality tends to
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El Karoui, Nicole, Caroline Hillairet, and Mohamed Mrad. "Affine long term yield curves: An application of the Ramsey rule with progressive utility." Journal of Financial Engineering 01, no. 01 (2014): 1450003. http://dx.doi.org/10.1142/s2345768614500032.

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The purpose of this paper relies on the study of long-term affine yield curves modeling. It is inspired by the Ramsey rule of the economic literature, that links discount rate and marginal utility of aggregate optimal consumption. For such a long maturity modelization, the possibility of adjusting preferences to new economic information is crucial, justifying the use of progressive utility. This paper studies, in a framework with affine factors, the yield curve given from the Ramsey rule. It first characterizes consistent progressive utility of investment and consumption, given the optimal wea
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Pirttilä, Jukka, and Ronnie SchöB. "Redistribution and Internalization: The Many-Person Ramsey Tax Rule Revisited." Public Finance Review 27, no. 5 (1999): 541–60. http://dx.doi.org/10.1177/109114219902700505.

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Kanniainen, Vesa, Juha Laine, and Ismo Linnosmaa. "Pricing the Pharmaceuticals when the Ability to Pay Differs." Journal of the Finnish Economic Association 2, no. 1 (2021): 25–48. http://dx.doi.org/10.33358/jfea.112405.

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A non-trivial fraction of people cannot afford to buy pharmaceutical products at unregulated market prices. This paper analyses the public insurance of a patent-protected pharmaceutical product in terms of price controls and socially optimal third-degree price discrimination. First, the paper characterizes the Ramsey pricing rule in the case where the producer price has to cover the R&D costs of the firm and patients’ pharmaceutical expenditures are not covered by health insurance. Subsequently, conditions for a welfare increasing departure from the Ramsey pricing rule are stated in terms
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Dissertations / Theses on the topic "Ramsey rule"

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Geiger, Sonja Maria. "If there are exceptions, it is still a rule : a probabilistic understanding of conditionals." Phd thesis, Universität Potsdam, 2007. http://opus.kobv.de/ubp/volltexte/2007/1311/.

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Numerous recent publications on the psychological meaning of “if” have proposed a probabilistic interpretation of conditional sentences. According to the proponents of probabilistic approaches, sentences like “If the weather is nice, I will be at the beach tomorrow” (or “If p, then q” in the abstract version) express a high probability of the consequent (being at the beach), given the antecedent (nice weather). When people evaluate conditional sentences, they assumingly do so by deriving the conditional probability P(q|p) using a procedure called the Ramsey test. This is a contradicting view t
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Zarmouh, Omar Othman. "Optimal investment in an oil-based economy : theoretical and empirical study of a Ramsey-type model for Libya." Thesis, University of Bradford, 1998. http://hdl.handle.net/10454/4401.

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In a developing oil-based economy like Libya the availability of finance is largely affected by the availability of oil revenues which are subjected to disturbances and shocks. Therefore, the decision to save and invest a certain ratio of the country's aggregate output is, to large extent, determined (and affected) by the shocks in the oil markets rather than the requirements of economic development. In this study an attempt is made to determine the optimal rate of saving and investment, both defined as a ratio of the aggregate output, according to the requirements of economic development. For
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Sennewald, Ken. "Stochastic Control, Optimal Saving, and Job Search in Continuous Time." Doctoral thesis, [S.l. : s.n.], 2007. http://nbn-resolving.de/urn:nbn:de:swb:14-1195054673140-63635.

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Sennewald, Ken. "Stochastic Control, Optimal Saving, and Job Search in Continuous Time." Doctoral thesis, Technische Universität Dresden, 2006. https://tud.qucosa.de/id/qucosa%3A23974.

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Economic uncertainty may affect significantly people’s behavior and hence macroeconomic variables. It is thus important to understand how people behave in presence of different kinds of economic risk. The present dissertation focuses therefore on the impact of the uncertainty in capital and labor income on the individual saving behavior. The underlying uncertain variables are here modeled as stochastic processes that each obey a specific stochastic differential equation, where uncertainty stems either from Poisson or Lévy processes. The results on the optimal behavior are derived by maximizing
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Gough, Lisa-Angelique. "Tax avoidance and 'spooky jurisprudence' : the Ramsay Principle assessed in the light of the New Zealand general anti-avoidance rule." Thesis, University of Oxford, 2006. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.496454.

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Delmas, Adrien. "Contribution à l'estimation de la durée de vie résiduelle des systèmes en présence d'incertitudes." Thesis, Compiègne, 2019. http://www.theses.fr/2019COMP2476/document.

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La mise en place d’une politique de maintenance prévisionnelle est un défi majeur dans l’industrie qui tente de réduire le plus possible les frais relatifs à la maintenance. En effet, les systèmes sont de plus en plus complexes et demandent un suivi de plus en plus poussé afin de rester opérationnels et sécurisés. Une maintenance prévisionnelle nécessite d’une part d’évaluer l’état de dégradation des composants du système, et d’autre part de pronostiquer l’apparition future d’une panne. Plus précisément, il s’agit d’estimer le temps restant avant l’arrivée d’une défaillance, aussi appelé Remai
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Stockman, David R. "Balanced-budget rules : welfare consequences, optimal policies, and theoretical implications /." 1997. http://gateway.proquest.com/openurl?url_ver=Z39.88-2004&res_dat=xri:pqdiss&rft_val_fmt=info:ofi/fmt:kev:mtx:dissertation&rft_dat=xri:pqdiss:9800650.

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Tiple, Pedro Santos. "Tool for discovering sequential patterns in financial markets." Master's thesis, 2014. http://hdl.handle.net/10362/14091.

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The goal of this thesis is the study of a tool that can help analysts in finding sequential patterns. This tool will have a focus on financial markets. A study will be made on how new and relevant knowledge can be mined from real life information, potentially giving investors, market analysts, and economists new basis to make informed decisions. The Ramex Forum algorithm will be used as a basis for the tool, due to its ability to find sequential patterns in financial data. So that it further adapts to the needs of the thesis, a study of relevant improvements to the algorithm will be made. Ano
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Books on the topic "Ramsey rule"

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Atwood, Margaret Eleanor. Rude Ramsay and the roaring radishes. Bloomsbury Children's Books, 2004.

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Atwood, Margaret Eleanor. Rude Ramsay and the roaring radishes. Bloomsbury Publishing, 2005.

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Atwood, Margaret Eleanor. Rude Ramsay and the roaring radishes. Bloomsbury Children's Books, 2006.

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Atwood, Margaret Eleanor. Rude Ramsay and the roaring radishes. Key Porter Books, 2003.

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Tanner, Evan. Fiscal rules and countercyclical policy: Frank Ramsey meets Gramm-Rudman-Hollings. International Monetary Fund, IMF Institute, 2003.

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Atwood, Margaret Eleanor. Rude Ramsey and the Roaring Radishes. Key Porter Books, 2003.

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Rameses' Game Day Rules. Amplify Publishing Group, 2013.

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Tanner, Evan. Fiscal Rules and Countercyclical Policy: Frank Ramsey Meets Gramm-Rudman-Hollings. International Monetary Fund, 2003.

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Tanner, Evan. Fiscal Rules and Countercyclical Policy: Frank Ramsey Meets Gramm-Rudman-Hollings. International Monetary Fund, 2003.

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Tanner, Evan. Fiscal Rules and Countercyclical Policy: Frank Ramsey Meets Gramm-Rudman-Hollings. International Monetary Fund, 2003.

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Book chapters on the topic "Ramsey rule"

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Cellini, Roberto, and Luca Lambertini. "Capital Accumulation, Mergers, and the Ramsey Golden Rule." In Annals of the International Society of Dynamic Games. Birkhäuser Boston, 2007. http://dx.doi.org/10.1007/978-0-8176-4553-3_24.

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Phelps, Edmund S., and Kumaraswamy Velupillai. "Optimum Fiscal Policy when Monetary Policy is Bound by a Rule: Ramsey Redux." In The Economics of Public Debt. Palgrave Macmillan UK, 1988. http://dx.doi.org/10.1007/978-1-349-19459-9_4.

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Methven, S. J. "Generality, Rules and Normativity." In Frank Ramsey and the Realistic Spirit. Palgrave Macmillan UK, 2015. http://dx.doi.org/10.1057/9781137351081_10.

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Tubbs, James B. "Paul Ramsey: Agape, “Covenant Fidelity,” and Moral Rules." In Christian Theology and Medical Ethics. Springer Netherlands, 1996. http://dx.doi.org/10.1007/978-94-015-8654-2_3.

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Dersin, Pierre, and Cristian Maiorano. "Reliability Demonstration Tests: Decision Rules and Associated Risks." In Handbook of RAMS in Railway Systems. CRC Press, 2018. http://dx.doi.org/10.1201/b21983-12.

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Smith, Justin. "1. Wrens’ Calling." In The Birds That Wouldn’t Sing. Open Book Publishers, 2024. https://doi.org/10.11647/obp.0430.01.

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Women from a wide spectrum of social backgrounds volunteered to join the Women’s Royal Naval Service (WRNS) during the Second World War. Induction at the new central training depot at Mill Hill in London tested the metal of many and introduced them to the rigours and idiosyncrasies of life in the ‘Senior Service’, its nautical rules and terminology. By 1942, the quest to relieve as many men as possible from shore-based roles to serve at sea, led Wrens to be trained in a range of highly-skilled tasks, some of which, such as Anti-Aircraft Target Operators were semi-combatant. However, those novi
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"The Ramsey Rule." In Pricing the Planet's Future. Princeton University Press, 2012. http://dx.doi.org/10.2307/j.cttq9rxs.6.

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Gollier, Christian. "The Ramsey Rule." In Pricing the Planet's Future. Princeton University Press, 2012. http://dx.doi.org/10.23943/princeton/9780691148762.003.0002.

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This chapter presents the main argument in favor of a positive discount rate. In a growing economy, future generations will consume more goods and services than we do. In this context, investing for the future is equivalent to asking poor consumers to sacrifice more of their consumption for the benefit for wealthier people. Because of inequality aversion, one would be ready to do so only if the rate of return of these investment projects is large enough to compensate for the increased intertemporal inequalities that these projects would generate. The Ramsey rule quantifies this wealth effect.
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"2. The Ramsey Rule." In Pricing the Planet's Future. Princeton University Press, 2012. http://dx.doi.org/10.1515/9781400845408.26.

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Williamson, Timothy. "The Suppositional Rule." In Suppose and Tell. Oxford University Press, 2020. http://dx.doi.org/10.1093/oso/9780198860662.003.0002.

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The chapter describes the role of suppositions in conditional thinking, from everyday decision-making to mathematical proof, and the cognitive role of imagination in developing the consequences of suppositions. It proposes that the primary way of assessing a conditional ‘If A, C’ is to suppose A and on that basis assess C; whatever attitude you take to C conditionally on A (such as acceptance, rejection, or something in between) take unconditionally to ‘If A, C’; this corresponds to the Ramsey Test or Suppositional Rule. Such offline assessment’s similarities to, and differences from, online u
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Conference papers on the topic "Ramsey rule"

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Chandler, Jake, and Richard Booth. "Revision by Conditionals: From Hook to Arrow." In 17th International Conference on Principles of Knowledge Representation and Reasoning {KR-2020}. International Joint Conferences on Artificial Intelligence Organization, 2020. http://dx.doi.org/10.24963/kr.2020/24.

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The belief revision literature has largely focussed on the issue of how to revise one’s beliefs in the light of information regarding matters of fact. Here we turn to an important but comparatively neglected issue: How to model agents capable of acquiring information regarding which rules of inference (‘Ramsey Test conditionals’) they ought to use in reasoning about these facts. Our approach to this second question of so-called ‘conditional revision’ is distinctive insofar as it abstracts from the controversial details of how the address the first. We introduce a ‘plug and play’ method for uniq
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Curtis, Lance R., and Bilal M. Ayyub. "A Meta-Analysis of Miner's Rule." In 2024 Annual Reliability and Maintainability Symposium (RAMS). IEEE, 2024. http://dx.doi.org/10.1109/rams51492.2024.10457800.

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Feinberg, Alec. "Beyond Miner's Rule: Free Energy Damage Equivalence." In 2018 Annual Reliability and Maintainability Symposium (RAMS). IEEE, 2018. http://dx.doi.org/10.1109/ram.2018.8463039.

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Huang, Huixian, and Xinlei Ou. "Study and optimization of ramjet fuel system control rule based on Internal Model Control." In 2012 IEEE Fifth International Conference on Advanced Computational Intelligence (ICACI). IEEE, 2012. http://dx.doi.org/10.1109/icaci.2012.6463220.

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Feinberg, Alec. "Beyond Miner’s Rule Part II: Free Energy Damage Equivalence Applications." In 2019 Annual Reliability and Maintainability Symposium (RAMS). IEEE, 2019. http://dx.doi.org/10.1109/rams.2019.8769289.

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De Carlo, Filippo, Orlando Borgia, Mario Tucci, and Mario Rapaccini. "A rule based expert system for maintenance as a competitive advantage." In 2009 Annual Reliability and Maintainability Symposium (RAMS). IEEE, 2009. http://dx.doi.org/10.1109/rams.2009.4914718.

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Hopman, Ryan K., and Michael J. Leamy. "Arbitrary Geometry Cellular Automata for Elastodynamics." In ASME 2009 International Mechanical Engineering Congress and Exposition. ASMEDC, 2009. http://dx.doi.org/10.1115/imece2009-11222.

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This study extends a recently-developed [1] cellular automata (CA) elastodynamic modeling approach to arbitrary two-dimensional geometries through development of a rule set appropriate for triangular cells. The approach is fully object-oriented (OO) and exploits OO conventions to produce compact, general, and easily-extended CA classes. Meshes composed of triangular cells allow the elastodynamic response of arbitrary two-dimensional geometries to be computed accurately and efficiently. As in the previous rectangular CA method, each cell represents a state machine which updates in a stepped-man
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Chang Feng, Tingdi Zhao, Nuo Zhao, and Shuyue Yin. "Research on obtaining dynamic, robust fault diagnosis rules." In 2009 Annual Reliability and Maintainability Symposium (RAMS). IEEE, 2009. http://dx.doi.org/10.1109/rams.2009.4914659.

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Bot, Y. "Improving product's reliability by stress derating and Design Rules Check." In 2013 Annual Reliability and Maintainability Symposium (RAMS). IEEE, 2013. http://dx.doi.org/10.1109/rams.2013.6517745.

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Godwin, Jamie L., and Peter Matthews. "Rapid labelling of SCADA data to extract transparent rules using RIPPER." In 2014 Annual Reliability and Maintainability Symposium (RAMS). IEEE, 2014. http://dx.doi.org/10.1109/rams.2014.6798456.

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Reports on the topic "Ramsey rule"

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Chien, YiLi, C. C. Yang, and Yunmin Chen. Implementing the Modified Golden Rule? Optimal Ramsey Capital Taxation with Incomplete Markets Revisited. Federal Reserve Bank of St. Louis, 2017. http://dx.doi.org/10.20955/wp.2017.003.

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García-Cicco, Javier, and Enrique Kawamura. Dealing with the Dutch Disease: Fiscal Rules and Macro-Prudential Policies. Inter-American Development Bank, 2015. http://dx.doi.org/10.18235/0011700.

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This paper evaluates from a welfare perspective three policy alternatives for dealing with Dutch disease problems originating from cyclical movements in commodity prices: fiscal rules for government expenditures, capital controls, and taxes on domestic lending. A DSGE model of a small open economy is developed, with a sectoral decomposition that features three distinctive characteristics: financial frictions, a learning-by-doing externality in the industrial sector, and a fraction of households being non-Ricardian (credit constrained). The model is calibrated using Chilean data. For each polic
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