Assessing the Impact of Tax and Expenditure Limitations on the U.S. State's Debt and Pension Solvency: A Dynamic Model
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DOI: 10.1002/pa.70033
Abstract: This study examines how tax and expenditure limitations (TELs) reduce government impact on long‐term and pension solvencies. It tests whether the fiscal illusion assumption, which postulates government expansion using long‐term debt, holds when TELs are… read more here.
Keywords: debt; tax expenditure; long term; expenditure limitations ... See more keywords