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The Journal of Economic Perspectives (JEP) attempts to fill a gap between the general interest press and most other academic economics journals. The journal aims to publish articles that will serve se...
Political Economy of Public Deficit: Perspectives for Constitutional Reform
fiscal policy dynamic inconsistency political economy public deficit
2009/7/17
The paper uses a dynamic inconsistency model known from monetary policy to assess three alternative proposals how to reform fiscal constitution in order to limit government’s incentive to use fiscal ...