When an adverse fiscal shock occurs -a war, for example - someone has to pay. The government can satisfy its budget constraint, now or in the future, by raising taxes, reducing other spending, or imposing a capital loss on bond and money holders through u
Description:
Project (M.A.F.E.)--American University of Beirut, Dept. of Economics, 2010.;"First Reader : Dr. Simon Neaime, Professor, Economics--Second Reader : Dr. Leila Dagher, Assistant Professor, Economics."
