search query: @indexterm budgetary control / total: 121
reference: 19 / 121
| Author: | Rocheteau, G. |
| Title: | Balanced-budget rules and interdeterminacy of the equilibrium unemployment rate |
| Journal: | Oxford Economic Papers
1999 : JUL, VOL. 51:3, p. 399-409 |
| Index terms: | ECONOMICS BUDGETARY CONTROL UNEMPLOYMENT EQUILIBRIUM ANALYSIS |
| Language: | eng |
| Abstract: | This study investigates a case of interdeterminacy of the equilibrium unemployment rate due to the financing of government expenditure. Under a balanced budgeting rule the existence of multiple equilibria is a generic property of the matching model of equilibrium unemployment, equilibria are Pareto-ranked, and endogenous cycles occur for some values of parameters. Goverment can lead the economy to a high equilibrium by fixing the tax level and matching its expenditure with its receipts. |
SCIMA