Private Consumption, Government Spending, Debt Neutrality: Resolving Kormendi-Feldstein-Modigliani Controversy (Fiscal AND MONETARY Issues) (Report)
Pakistan Development Review 1994, Winter, 33, 4
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Publisher Description
The debt neutrality hypothesis, in its quintessential form, postulates that debt/tax mix for financing deficit is irrelevant. More precisely, the debt-neutrality deals with the two fundamental questions: (i) Given the volume and composition of government expenditures, does it matter whether they are financed by taxes or debt issue?
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