G2TT
来源类型Discussion paper
规范类型论文
来源IDDP1861
DP1861 Youth Employment and Academic Performance in High School
Kenneth Wolpin; Zvi Eckstein
发表日期1998-04-30
出版年1998
语种英语
摘要This note comments on two central issues for fiscal policy design in the United Kingdom, highlighted in the recent ?Code for Fiscal Stability? proposed by the new Labour government. The first concerns the merits of the so-called ?golden rule of public sector investment? ? the proposition that, over the cycle, government borrowing should not exceed government capital formation. The second concerns the case for attempting to construct a more comprehensive balance sheet of public sector assets and liabilities, including tangible public sector assets and certain contingent claims. The two main conclusions are that the golden rule is without merit but that, subject to some important caveats, the construction of a more comprehensive government balance sheet is a worthwhile enterprise.
主题International Macroeconomics
关键词Fiscal stability Golden rule Public sector balance sheet Public sector capital
URLhttps://cepr.org/publications/dp1861
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/531003
推荐引用方式
GB/T 7714
Kenneth Wolpin,Zvi Eckstein. DP1861 Youth Employment and Academic Performance in High School. 1998.
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