Fiscal Reforms That Work.
Reducing the budget deficit is not easy. Keynesian theory suggests thatlowering government expenditures and raising revenues can lead to afalloff in economic activity. This paper argues the neoclassical approach - that a firm and credible reduction in expenditures, by engendering confidence that tax...
| Соавтор: | |
|---|---|
| Формат: | Журнал |
| Язык: | English |
| Опубликовано: |
Washington, D.C. :
International Monetary Fund,
1997.
|
| Серии: | Economic Issues; Economic Issues ;
No. 1997/002 |
| Online-ссылка: | Full text available on IMF |