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Tax perceptions and the demand for public expenditure: evidence from UK micro-data

โœ Scribed by Norman Gemmell; Oliver Morrissey; Abuzer Pinar


Book ID
114179301
Publisher
Elsevier Science
Year
2003
Tongue
English
Weight
194 KB
Volume
19
Category
Article
ISSN
0176-2680

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## Abstract Monetary policy contractions exacerbate credit constraints stemming from asymmetric information, incentive problems and limited collateral. During such periods financial intermediaries reduce the supply of credit to smaller businesses. Although trade credit is a less desirable alternati