inversely with the price level. Expected money growth, tax rates, and government spending directly impinge on these expected … that is financed by new government debt. It examines how alternative responses of current and future policies to the tax …

stance, the level of government debt and expectations over the likelihood and composition of fiscal consolidations all matter … in determining the extent to which a given consolidation is expansionary and/or successful in stabilizing government debt …

stance, the level of government debt and expectations over the likelihood and composition of fiscal consolidations all matter … in determining the extent to which a given consolidation is expansionary and/or successful in stabilizing government debt …