30/01/24 - Publicaciones Documentos de Trabajo WP-01/24: Optimal public deficit and tax-smoothing in the Spanish economy,1850-2022 Emilio Congregado, Vicente Esteve y María A. Prats ABSTRACT Abstract In this paper, we provide a formal test of Barro´s tax-smoothing model, using Spanish data covering the period 1850-2022. First, we found that the tax-tilting component […]
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