Browsing Faculté des arts et des sciences – Département de sciences économiques by Subject "Sanctions"
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Fiscal rules with discretion for an economic union
(Université de Montréal. Département de sciences économiques, 2022-03-11)The design of a fiscal rule involves a trade-off between committing governments to a fiscally responsible budget and giving governments the discretion to respond to shocks. What is the optimal degree of discretion for deficit-biased governments ...