首页> 外文期刊>The Singapore economic review >HOW TAXES AND REAL WAGE INFLEXIBILITY INTERACT TO MAKE TRADE DEFICITS ADDICTIVE: THE TERTIARY AND QUATERNARY BURDENS OF A TRANSFER
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HOW TAXES AND REAL WAGE INFLEXIBILITY INTERACT TO MAKE TRADE DEFICITS ADDICTIVE: THE TERTIARY AND QUATERNARY BURDENS OF A TRANSFER

机译:税收和实际工资的不灵活性如何相互作用使贸易赤字成瘾:转移的第三级和第四级

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Previous papers on the transfer problem pay scant attention to the problems caused by the distortionary taxation that extracts the gift from the donor nation or the cut in distortionary taxation that bestows the gift to the recipient nation. When combined with inflexibility in the real wage these changes in taxation and the transfer itself impose a considerable burden to the donor matched by a considerable blessing to the recipient. We explore these effects, and conclude that "The Great Rebalancing" between the US and China needed to cure the US trade deficit, i.e., to eliminate the transfer that China is making to the US may bestow a big burden on the US matched by a big blessing for China.
机译:先前有关转移问题的论文很少关注由捐赠国提取礼物的扭曲税收或削减赠予接受国礼物的扭曲税收所引起的问题。当加上实际工资的不灵活时,这些税收变化和转移本身给捐助者带来了很大的负担,同时又给接收者带来了很大的祝福。我们探讨了这些影响,并得出结论,中美之间的“大再平衡”需要解决美国的贸易逆差,即消除中国向美国的转移可能给美国带来沉重的负担,而与此同时,中国的大福

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