Markov-perfect optimal fiscal policy : the case of unbalanced budgets Working Papers uri icon

authors

  • ORTIGUEIRA SILVA, SALVADOR
  • Pereira, Joana
  • Pichler, Paul

publication date

  • 2013

series title

  • UC3M Working papers. Economics

series number

  • 12-30

subjects

  • Economics

keywords

  • optimal fiscal policy; markov-perfect equilibrium; time-consistent policy; expectation traps