The Political Economy of Unsustainable Fiscal Deficits
This paper uses an inter temporal model of public finances to show that political instability can cause taxes to be tilted to the future, resulting in a fiscal deficit that is suboptimal and only weakly sustainable (in the sense of Quintos). This occurs because political instability gives the govern...
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| Auteurs principaux: | , |
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| Langue: | English |
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Instituto de Economía, Pontificia Universidad Católica de Chile
2010
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| Accès en ligne: | http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0717-68212010000200002 |
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