Deficit Limits, Budget Rules, and Fiscal Policy /
The paper presents a simple model for discussing the effects of deficit limits and budget rules on fiscal policy. I find that limits on deficit-output ratios provide incentives to implement procyclical policies when the economy is in intermediate states, and countercyclical policies only in very &qu...
| Autor principal: | |
|---|---|
| Formato: | Periódico |
| Idioma: | English |
| Publicado em: |
Washington, D.C. :
International Monetary Fund,
2005.
|
| Colecção: | IMF Working Papers; Working Paper ;
No. 2005/120 |
| Acesso em linha: | Full text available on IMF |