Trigger Points and Budget Cuts: Explaining the Effects of Fiscal Austerity
收藏NBER1991-09-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w3844
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资源简介：
We propose and solve an optimizing model which explains counterintuitive effects of fiscal policy in terms of expectations. If government spending follows an upward-trending stochastic process which the public believes may fall sharply when it reaches specific "target points," then optimizing
提供机构：
美国国家经济研究局
创建时间：
1991-09-01
