Prudent Budgetary Policy: Political Economy of Precautionary Taxation.

Prudent Budgetary Policy: Political Economy of Precautionary Taxation.

The theory of tax smoothing and determination of public debt with uncertain future national income is extended for prudence. A prudent government deliberately underestimates future national income and the tax base, especially if the variance and persistence of shocks hitting the tax base are large a...

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Bibliografiske detaljer
Hovedforfatter:	van der Ploeg, F
Format:	Working paper
Sprog:	English
Udgivet:	CESifo Group Munich 2007

Lignende værker

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