Search Results for deficit bias

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This paper provides evidence of fiscal procyclicality, excessive deficits, distorted budget...

The paper discusses the effectiveness of independent fiscal institutions—or fiscal councils—in...

This paper discusses the role of fiscal institutions, including budget rules and non-partisan...

Boom and bust phases in asset prices have become a pervasive feature of macroeconomic...

Edited by Ana María Martirena-Mantel, this volume, published in Spanish and English, contains the...

This paper analyzes the use of unconventional policy instruments in New Keynesian setups in which...