Fiscal instability/Definition: Difference between revisions
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imported>Nick Gardner (New page: <noinclude>{{Subpages}}</noinclude> A situation of progressively increasing budget deficits that is usually brought about, either by (recession-induced) progressive reductions in...) |
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Latest revision as of 02:22, 7 June 2010
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Fiscal instability [r]: A situation of progressively increasing budget deficits that is usually brought about, either by (recession-induced) progressive reductions in a government's tax revenues, or by progressive increases in the bond market's risk premium additions to the interest rates payable on its public debt.