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Uncertainty about the future preferences of the government may induce policy makers to run excessive budget deficits … permits the government to run a budget deficit equal to the amount of public investment. We show that this rule effectively …
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I use new data on central and general governments for 23 OECD countries over the period 1960-2015 (unbalanced panel) to examine fiscal performance under minority governments. The results do not suggest that minority governments had higher fiscal deficits and public expenditure than majority...
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budget constraint was applied to government finance. Matters were made worse by the development of "generational accounting …
Persistent link: https://www.econbiz.de/10012102465
I use new data on central and general governments for 23 OECD countries over the period 1960-2015 (unbalanced panel) to examine fiscal performance under minority governments. The results do not suggest that minority governments had higher fiscal deficits and public expenditure than majority...
Persistent link: https://www.econbiz.de/10012031110
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