Assuntos Fiscais
A Theory of Fiscal Responsibility and Irresponsibility (Halac & Yared)
nov 14, 2022, 10:24 AM 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…