Assuntos Econômicos
A Theory of Fiscal Responsibility and Irresponsibility (Halac & Yared)
maio 24, 2025, 2:29 PM 0
A Theory of Fiscal Responsibility and Irresponsibility by Marina Halac and Pierre Yared published by NBER (10/2022). We propose a political economy mechanism that explains the presence of fiscal regimes punctuated by crisis periods. Our model focuses on the…