Fiscal Policy over the Real Business Cycle: A Positive Theory
收藏NBER2008-05-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w14047
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资源简介：
This paper presents a political economy theory of the behavior of fiscal policy over the business cycle. The theory predicts that, in both booms and recessions, fiscal policies are set so that the marginal cost of public funds obeys a submartingale. In the short run, fiscal policy can be pro
提供机构：
美国国家经济研究局
创建时间：
2008-05-01
