This paper studies dynamic-optimizing model of a semi-small open economy with sticky
nominal prices and wages. The model exhibits exchange rate overshooting in response to …

This paper develops an endogenous growth model of a small open economy. Domestic
capital accumulation involves convex costs of adjustment, a consequence of which is that no …

How do capital income taxes affect household portfolio choice and growth? We approach
this question within the context of a stochastic model of a small open economy in which …

This paper formulates a model of economic growth to study the effects of broad capital
taxation (of profits, dividends, and capital gains) on macroeconomic outcomes in small open …

A dynamic analysis of the international transmission of government expenditure shocks
under alternative methods of finance is presented. The benchmark case of lump-sum tax …

In this paper we analyze qualitatively and quantitatively the potential effect of the accession
on the development of several Central and Eastern European (CEE) countries (specifically …

This paper analyzes how multinational firms' internal debt financing affects high‐tax
countries. It uses a dynamic small open economy model and takes into account that internal …

This paper analyzes the dynamics of a 2× 2× 2 Heckscher–Ohlin model where foreign asset
holdings and capital accumulation are independently determined by optimizing agents …

This paper analyses the optimal taxation of capital in a stochastically growing small open
economy in which there is a perfect market for a traded bond. The analysis emphasizes the …

This paper analyzes the national and international effects of labor and capital income taxes
in a two-country infinite-horizon perfect-foresight neoclassical model with endogenous labor …