Tax vs. Debt Management Under Entitlement Spending: a Multicountry Study

In this paper we study the taxes vs. debt choice for public funding when spending is in large part predictable due to entitlement programs, but the necessary fiscal corrections may not be instantly and indefinitely elastic as usually assumed. We study fiscal behavior in a large sample of countries t...

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Veröffentlicht in:Open economies review 2019-07, Vol.30 (3), p.425-443
Hauptverfasser: Cerniglia, Floriana, Dia, Enzo, Hughes Hallett, Andrew
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Sprache:eng
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