On Public Spending and Economic Unions
收藏NBER2020-09-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w27831
下载链接
链接失效反馈官方服务：
资源简介：
We analyze the conduct of fiscal policy in a financially integrated union in the presence of financial frictions. Frictions create a wedge between the return to investment and the union interest rate. This leads to an over-spending externality. While the social cost of spending is the return to
提供机构：
美国国家经济研究局
创建时间：
2020-09-01
