Debt accumulation of democracies facing low interest rate and election uncertainty.
Intergenerational redistribution theory of fiscal policy and the tax-smoothing theory of fiscal policy are extremely valuable, as a matter of fact any positive model of fiscal policy begins with intergenerational distribution and tax smoothing as a benchmark. Yet neither of them manages to explain t...
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| Format: | Final Year Project |
| Language: | English |
| Published: |
2011
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| Online Access: | http://hdl.handle.net/10356/44355 |
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| Institution: | Nanyang Technological University |
| Language: | English |