Creel, Jérôme; Farvaque, Étienne - 2009
be fully financed by debt. UK authorities are therefore provided with
a countercyclical short run fiscal policy and with … verify if these results hold
when the incumbent is confronted with fiscal policy rules. We notably
aim to check if the … framework. For simplicity, it is assumed that the real interest
rate is zero which allows to disregard discounting of utility …