Procyclical fiscal policy
Auteur :
Ihori, Toshihiro / Kameda, Keigo
Éditeur :
Springer Verlag, Singapore
ISBN :
9789811329944
Date de publication :
14 janv. 2019
Dimensions :
23,5 x 15,5 cm
Langue :
Anglais
Pays d'origine :
Singapour
Conventional wisdom dictates that a fiscal policy should be counter-cyclical. In particular, by incorporating the political effort behavior of private agents into a weak government model, we explore how income fluctuations affect the optimal budget deficits in a political economy.