A Buffer-Stock Model for the Government : Balancing Stability and Sustainability /
A fiscal reaction function to debt and the cycle is built on a buffer-stock model for the government. This model inspired by the buffer-stock model of the consumer (Deaton 1991; Carroll 1997) includes a debt limit instead of the Intertemporal Budget Constraint (IBC). The IBC is weak (Bohn, 2007), a...
| المؤلف الرئيسي: | |
|---|---|
| التنسيق: | دورية |
| اللغة: | English |
| منشور في: |
Washington, D.C. :
International Monetary Fund,
2019.
|
| سلاسل: | IMF Working Papers; Working Paper ;
No. 2019/159 |
| الوصول للمادة أونلاين: | Full text available on IMF |