Government Contingent Liabilities and the Measurement of Fiscal Impact

Nopic
Conventional fiscal accounting methodologies do not appropriately account for governments' noncash policies, such as their contingent liabilities. When these liabilities are called, budget costs can be large, as evidenced by the United States' saving and loan crisis. In general, deficit measures may underestimate the macroeconomic impact of... READ MORE...

Publication date: June 1990
ISBN 9781451967111
$10.00

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