Structural fiscal targeting and good governance
Structural fiscal targeting (the practice of setting of medium-term targets for taxation, government borrowing, spending and regulation) has a rightful place in any sensible longer term economic strategy. But the merits of targeting depend crucially on how and where the targets are set. If the targets are very constraining and arbitrarily set as part of an ideological commitment to "small government", they can limit the scope for governments to achieve an optimal balance between efficiency and...[Show more]
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