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...
| Hlavní autor: | |
|---|---|
| Další autoři: | |
| Médium: | Časopis |
| Jazyk: | English |
| Vydáno: |
Washington, D.C. :
International Monetary Fund,
1999.
|
| Edice: | IMF Working Papers; Working Paper ;
No. 1999/086 |
| On-line přístup: | Full text available on IMF |