Fiscal Rules and Discretion under Self-Enforcement
收藏NBER2017-10-01 更新2025-01-04 收录
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https://www.nber.org/papers/w23919
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资源简介：
We study a fiscal policy model in which the government is present-biased towards public spending. Society chooses a fiscal rule to trade off the benefit of committing the government to not overspend against the benefit of granting it flexibility to react to privately observed shocks to the value of
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美国国家经济研究局创建时间：
2017-10-01
