Inefficiency in Legislative Policy-Making: A Dynamic Analysis
收藏NBER2005-08-01 更新2025-01-04 收录
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https://www.nber.org/papers/w11495
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This paper develops an infinite horizon model of public spending and taxation in which policy decisions are determined by legislative bargaining. The policy space incorporates both productive and distributive public spending and distortionary taxation. The productive spending is investing in a
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美国国家经济研究局创建时间：
2005-08-01
