Intertemporal Budget Policies and Macroeconomic Adjustment in Indebted Open Economies
نویسندگان
چکیده
منابع مشابه
Intertemporal Budget Policies and Macroeconomic Adjustment in Indebted Open Economies
We analyze the role of government intertemporal budget policies in a growing open economy including nominal assets in the presence of an upward sloping supply of debt. This introduces transitional dynamics that influence the effects of government policy instruments on the long term fiscal liability. In particular, shifts in capital income taxes can lead to dynamic scoring effects through the ev...
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ژورنال
عنوان ژورنال: Review of International Economics
سال: 2014
ISSN: 0965-7576
DOI: 10.1111/roie.12100