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We examine how beliefs about the debt-to-GDP ratio affect people's attitudes towards government spending and taxation … respondents with information about the debt-to-GDP ratio in the US. Based on a total of more than 4,000 respondents, we find that … through changes in expectations about fiscal sustainability and persist in a four-week follow-up. …
Persistent link: https://www.econbiz.de/10012162653
We examine how beliefs about the debt-to-GDP ratio affect people's attitudes towards government spending and taxation … respondents with information about the debt-to-GDP ratio in the US. Based on a total of more than 4,000 respondents, we find that … through changes in expectations about fiscal sustainability and persist in a four-week follow-up. …
Persistent link: https://www.econbiz.de/10013337686
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This paper surveys the empirical research on fiscal institutions of the last three decades. The main results are: (i) Constitutional or statutory fiscal limitations have in most cases proved to be effective in cutting down public expenditure, revenue, and debt. (ii) Budgetary proce-dures matter...
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