Issues in the design of fiscal policy rules
Theory suggests that government should as far as possible smooth taxes and its recurrent consumption spending, which means that government debts should act as a shock absorber, and any planned adjustments in debt should be gradual. This suggests that operational targets for governments (e.g. for 5...
| Auteurs principaux: | , |
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| Format: | Working paper |
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University of Oxford
2014
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