Impact of fiscal policy delays on the system dynamics of IS-LM model: A mathematical model approach
Delays in fiscal policy reside either in taxation or in government expenditure.The former delay refers to the time lag between when taxes are accrued and when they are paid.And the latter delay refers to the amount of time that passes between making a purchasing decision and making a purchase.This w...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Elsevier
2023-03-01
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| Series: | Results in Control and Optimization |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2666720722000686 |