Signaling Fiscal Regime Sustainability /

This paper proposes a signaling model that offers a new perspective on why governments deviate from optimal tax smoothing and delay debt stabilization. In our model, dependable-but not fully credible-governments have an incentive to tighten the fiscal regime when the signaling effect on credit ratin...

Volledige beschrijving

Bibliografische gegevens
Hoofdauteur: Prati, Alessandro
Andere auteurs: Drudi, Francesco
Formaat: Tijdschrift
Taal:English
Gepubliceerd in: Washington, D.C. : International Monetary Fund, 1999.
Reeks:IMF Working Papers; Working Paper ; No. 1999/086
Online toegang:Full text available on IMF