Electoral uncertainty, the deficit bias and the electoral cycle in a New Keynesian economy
Recent attempts to incorporate optimal fiscal policy into New Keynesian models subject to nominal inertia, have tended to assume that policy makers are benevolent and have access to a commitment technology. A separate literature, on the New Political Economy, has focused on real economies where the...
| Main Authors: | , |
|---|---|
| 格式: | Working paper |
| 出版: |
University of Oxford
2009
|