Borradores de Economia
Número:
945
Publicado:
Clasificación JEL:
E62, F34, F41, H23, D62
Palabras clave:
Financial Crisis, Fiscal policy, Credit Constraint, Macroprudential Tax
Lo más reciente
María José Roa-García, Gloria Amparo Alonso Masmela, Nidia García Bohórquez, Diego A. Rodríguez-Pinilla
José Vicente Romero-Chamorro, Hernando Vargas-Herrera
Juan Camilo Medellín-Martínez, Sergio Restrepo Ángel
In a previous paper (Parra-Polania and Vargas, 2015) we modify the ?nancial constraint of a very standard model to incorporate the fact that international lenders take into account that taxes (or subsidies) a¤ect borrowers?income available for debt repaym