Stabilization Under Rigidity

Pinto Barbosa, António Soares

http://hdl.handle.net/10362/89165

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Autores

Pinto Barbosa, António Soares

Resumo(s)

This paper explores some implications for stabilization policy of the existence of political or institutional limits on the use of control variables. The importance of some non-linear autoregressive processes for modeling government behaviour in the face of such constraints is high lighted. Normative implications for constitutional design are explored by comparing the relative efficiency of a balanced budget versus a spending limit rule.

URI

http://hdl.handle.net/10362/89165

Citação

Barbosa, A. S. Pinto, Stabilization Under Rigidity (February, 1984). FEUNL Working Paper Series No. 24

Editora

Nova SBE

Coleções

NSBE - Working Paper Series

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