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We develop a Fiscal Frontier which traces out the maximum government debt level that can be sustained at a given … Congressional Budget Office. Conventional Laffer curve calculations significantly under-estimate the sustainable debt of the US. The … desirable pace of capital tax abolition has slowed since the 1970s, but the reform remains close to the Frontier. Achieving debt …
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LDCs. Study focused on establishing the effectiveness of tax-financing of budget deficit under Laffer curve theory. Study … long and short-run relationships among budget deficit, taxes, human capital investment and macroeconomic indicators with …
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