Fiscal analysis is darnerd hard by Eric M. Leeper published by NBER (12/2015) indicated by Alvaro Manoel. “Dramatic fiscal developments in the wake of the 2008 financial crisis and global recession led researches to recognize how little we know about fiscal policies and their impacts. This essay argues that fiscal analysis that aims to address pertinent issues and provide useful inputs to policymakers is intrinsically hard…”
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