Fiscal Rules, Bailouts, and Reputation in Federal Governments
收藏NBER2017-10-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w23942
下载链接
链接失效反馈官方服务：
资源简介：
Expectations of transfers by central governments incentivize overborrowing by local governments. In this paper, we ask if fiscal rules can reduce overborrowing if central governments cannot commit. We study a model in which the central governments type is unknown and show that fiscal rules increase
提供机构：
美国国家经济研究局
创建时间：
2017-10-01
