Preferences, government investment, and disbursement sudden stops
Motivated by a recent fiscal episode in the Philippines, during which a major policy initiative was launched to counter poor fiscal spending performance, this note explores the properties of a neoclassical model when a structure that introduces shocks to authorized spending alongside unanticipated g...
| Published in: | Philippine Review of Economics Vol. 53, no. 1 (Jun. 2016), 1-18 |
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| Main Author: | |
| Format: | Article |
| Language: | English |
| Published: |
2016
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| Subjects: |