Fiscal Rules and Discretion in a World Economy
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下载链接：
https://www.nber.org/papers/w21492
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资源简介：
Governments are present-biased toward spending. Fiscal rules are deficit limits that trade off commitment to not overspend and flexibility to react to shocks. We compare coordinated rules chosen jointly by a group of countries to uncoordinated rules. If governments' present bias is small,
提供机构：
美国国家经济研究局
创建时间：
2015-08-01
