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Generational policy is a fundamental aspect of a nation's fiscal affairs. The policy involves redistributing resources across generations and allocating to particular generations the burden of paying the government's bills. This chapter in Volume 4 of the Handbook of Public Economics shows how...
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The Fiscal Theory of the Price Level (FTPL) is an important theory that recognizes the interaction between monetary and …
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public sector behaviour in macroeconomic models. To that end, the traditional theory of economic policy is critically …
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