Formulating a fiscal reaction function for ADAM
Files
(Published version)
Date
2015
Authors
Ambaw, D.
Knudsen, D.
Editors
Advisors
Journal Title
Journal ISSN
Volume Title
Type:
Working paper
Citation
Statement of Responsibility
Dessie Tarko Ambaw, Dan Knudsen
Conference Name
Abstract
We attempt to clarify the formation of interest income and examine the role of a fiscal reaction function in ADAM in keeping the public debt from exploding when there is 1% increase in the public purchase of goods and services and the VAT rate. The paper briefly demonstrates the effectiveness of the proposed fiscal rule in stabilizing the public budget.
School/Discipline
Dissertation Note
Provenance
Description
Working paper 28.1.15
Access Status
Rights
You are free to re-use and reproduce contents from dst.dk and statbank.dk. This includes even commercial use. You should, however, always include a source accreditation to Statistics Denmark.