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Aggregate stability under a budget rule and labor mobility()
Whether a balanced budget rule stabilizes or destabilizes an economy depends on various factors such as the production function or the instrument used to balance the budget. This paper argues that migration, which has widely been neglected in the literature, also affects equilibrium properties. We s...
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| Formato: | Online Artículo Texto |
| Lenguaje: | English |
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Elsevier B.V.
2020
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| Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7462476/ https://www.ncbi.nlm.nih.gov/pubmed/32905042 http://dx.doi.org/10.1016/j.econmod.2020.08.010 |