๐”– Bobbio Scriptorium
โœฆ   LIBER   โœฆ

State and Local Fiscal Sustainability: The Challenges

โœ Scribed by Jeffrey I. Chapman


Book ID
109174093
Publisher
John Wiley and Sons
Year
2008
Tongue
English
Weight
162 KB
Volume
68
Category
Article
ISSN
0033-3352

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Sustainable Fiscal Policy in a Federal S
โœ Gebhard Kirchgaessner ๐Ÿ“‚ Article ๐Ÿ“… 2005 ๐Ÿ› Swiss Political Science Association ๐ŸŒ German โš– 453 KB

Using a small theoretical model it is first shown that it is reasonable to limit public deficit and debt in relation to GDP in the long-run. Then we describe fiscal institutions called 'debt brakes' which are designed to prevent public deficit and debt from going off course. We present some models w