
Procyclical Fiscal Policy
Conventional wisdom dictates that a fiscal policy should be counter-cyclical. In particular, by incorporating the political effort behavior of private agents into a weak government model, we explore how income fluctuations affect the optimal budget deficits in a political economy.
- Författare
- Toshihiro Ihori, Keigo Kameda
- Upplaga
- 2018 ed.
- ISBN
- 9789811329944
- Språk
- Engelska
- Vikt
- 310 gram
- Utgivningsdatum
- 2019-01-14
- Sidor
- 68
