reforms in foreign trade, factor markets, taxation and deregulation to raise the rate of economic growth from 6-6.5 percent to …

fiscal policy in a dynamic general equilibrium set up: the main topics here are credibility of tax policy, and political …

inflation, exacerbate wealth disparity or have other harmful effects. These are serious problems and they need to be addressed …

fiscal policy in a dynamic general equilibrium set up; the main topics covered in this section are credibility of tax policy …

Government bonds are interest-bearing assets. Increasing public debt increases income, wealth, and consumption demand … debt. Conversely, lower public debt implies higher government spending and taxation. Public debt plays, thus, an important … the Maastricht treaty), such constraints place lower bounds on taxation and public spending or may even rule out the …