Numerical rules for debt can be rigid, but they work - they accelerate the return to the earlier level of debt after increments. Procedural rules are flexible but difficult to communicate and monitor, especially without strong fiscal _...Read More_
Numerical rules for debt can be rigid, but they work - they accelerate the return to the earlier level of debt after increments. Procedural rules are flexible but difficult to communicate and monitor, especially without strong fiscal _...Read More_