From deficit delusion to the Fiscal Balance Rule: Looking for an economically meaningful way to assess fiscal policy
نویسندگان
چکیده
منابع مشابه
A Taylor Rule for Fiscal Policy?
In times of rapid macroeconomic change it would seem useful for both fiscal and monetary policy to be modified frequently. This is true for monetary policy with monthly meetings of the Open Market Committee. It is not true for fiscal policy which mostly varies with the annual Congressional budget cycle. This paper proposes a feedback framework for analyzing the question of whether or not moveme...
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ژورنال
عنوان ژورنال: Journal of Economics
سال: 1993
ISSN: 0931-8658
DOI: 10.1007/bf03052289