A Theory of Fiscal Responsibility and Irresponsibility
收藏NBER2022-10-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w30601
下载链接
链接失效反馈官方服务：
资源简介：
We propose a political economy mechanism that explains the presence of fiscal regimes punctuated by crisis periods. Our model focuses on the interaction between successive deficit-biased governments subject to i.i.d. fiscal shocks. We show that the economy transitions between a fiscally responsible
提供机构：
美国国家经济研究局
创建时间：
2022-10-01
