Fiscal Policy and Macroeconomic Uncertainty in Developing Countries: The Tale of the Tormented Insurer
收藏NBER2006-10-01 更新2025-01-04 收录
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https://www.nber.org/papers/w12586
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资源简介：
Governments in emerging markets often behave like a "tormented insurer," trying to use non-state-contingent debt instruments to avoid cuts in payments to private agents despite large fluctuations in public revenues. In the data, average public debt-GDP ratios decline as the variability of revenues
提供机构：
美国国家经济研究局
创建时间：
2006-10-01
