The Costs and Benefits of Fiscal Rules: Evidence from U.S. States
收藏NBER1996-06-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w5614
下载链接
链接失效反馈官方服务：
资源简介：
This paper shows that in American states balanced budget rules are effective in enforcing fiscal discipline but they have no costs in terms of increased output variability. More specifically, we show that tighter fiscal rules are associated with larger average surplus and lower cyclical variability
提供机构：
美国国家经济研究局
创建时间：
1996-06-01
