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Keywords: Private sector
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Journal Articles
Journal:
Journal of Economic Studies
Journal of Economic Studies (1994) 21 (2): 38–56.
Published: 01 April 1994
... for the domestic fiscal authority and explain that precommitment is welfare improving relative to the time‐consistent policy. In a two‐country framework, both precommitment with respect to the private sector and co‐operation between the two policymakers tend to improve welfare. The strategic relationship...
