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...
| Príomhchruthaitheoir: | |
|---|---|
| Rannpháirtithe: | |
| Formáid: | IRIS |
| Teanga: | English |
| Foilsithe / Cruthaithe: |
Washington, D.C. :
International Monetary Fund,
1999.
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| Sraith: | IMF Working Papers; Working Paper ;
No. 1999/086 |
| Rochtain ar líne: | Full text available on IMF |