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...
প্রধান লেখক: | |
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অন্যান্য লেখক: | |
বিন্যাস: | পত্রিকা |
ভাষা: | English |
প্রকাশিত: |
Washington, D.C. :
International Monetary Fund,
1999.
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মালা: | IMF Working Papers; Working Paper ;
No. 1999/086 |
অনলাইন ব্যবহার করুন: | Full text available on IMF |