Fiscal Rules and Discretion under Persistent Shocks
收藏NBER2012-11-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w18545
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资源简介：
This paper studies the optimal level of discretion in policymaking. We consider a fiscal policy model where the government has time-inconsistent preferences with a present-bias towards public spending. The government chooses a fiscal rule to trade off its desire to commit to not overspend against
提供机构：
美国国家经济研究局
创建时间：
2012-11-01
