The equilibrium approach to fiscal policy
AbstractThis paper lays out a simple model for the purpose of bringing together the various strands of the analysis of fiscal policy in an optimizing , competitive equilibrium model. The discussion centers on the critic al assumptions lying behind the Ricardian equivalence proposition, th e role of the time profile and composition of public expenditure, and the timing of distortional taxation. Copyright 1988 by Ohio State University Press.
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Bibliographic InfoPaper provided by Federal Reserve Bank of Chicago in its series Staff Memoranda with number 86-2.
Date of creation: 1986
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