Which is Worse, Tax Fluctuations or Spending Fluctuations?
National Tax Association, Proceedings of the 102nd Annual Conference, 2009
7 Pages Posted: 9 Jun 2010 Last revised: 16 Jan 2013
Date Written: November 14, 2009
Employing a risk-allocation approach, this paper analyzes the extent to which a government subject to balanced-budget constraints should fluctuate tax or spending policies in response to economic volatility.
Keywords: fiscal volatility
JEL Classification: H61, H72
Suggested Citation: Suggested Citation