Is there a Case for Sophisticated Balanced‑Budget Rules?
收藏Organisation for Economic Co-operation and Development2026-04-11 收录
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This paper reviews the arguments in favor of excluding investment from fiscal policy constraints (the adoption of a “golden rule”). The paper starts by reviewing the goals and motivations of fiscal policy rules. From this analysis, it is clear that answering the question of whether investment should be excluded from those constraints can only be...
