Future Fiscal and Budgetary Shocks
We study here the effects of future tax and budgetary shocks on present levels of economic activity and real interest rates in a nonmonetary and possibly non-Ricardian economy. The paper first takes up an (unanticipated) temporary tax cut to be effective on a given future date—a delayed debt bomb. T...
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| Main Authors: | , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2004
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/soe_research/793 https://ink.library.smu.edu.sg/context/soe_research/article/1792/viewcontent/Future_Fiscal_and_Budgetary_Shocks_pp.pdf |
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| Institution: | Singapore Management University |
| Language: | English |