Fiscal Reforms That Work

Nopic
Reducing the budget deficit is not easy. Keynesian theory suggests thatlowering government expenditures and raising revenues can lead to afalloff in economic activity. This paper argues the neoclassical approach - that a firm and credible reduction in expenditures, by engendering confidence that taxes will be less burdensome in the future,may... READ MORE...

Publication date: January 1997
ISBN 9781557756244
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