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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Main Author: | Li, Yunong. |
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Other Authors: | School of Humanities and Social Sciences |
Format: | Final Year Project |
Language: | English |
Published: |
2011
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Subjects: | |
Online Access: | http://hdl.handle.net/10356/44355 |
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Institution: | Nanyang Technological University |
Language: | English |
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