Fiscal Stabilization Policy and Fiscal Institutions.
In this paper we analyse counter-cyclical fiscal policy within the context of a microfounded analysis of business-cycle stabilization. We show that tax and spending instruments can have a useful counter-cyclical role, even after allowing for the distortionary nature of the instruments and the need f...
| Main Authors: | , |
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| Format: | Journal article |
| Language: | English |
| Published: |
2005
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