Abstract
Changes in an individual's risk will affect all other individuals in the economy because of the interdependence created by the government's budget constraint. If government policy is optimal, these spillover benefits are measured by the change in the expected government budget surplus.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.