government budget constraint

基本解释

Government's soft budget constraint means that the government can arbitrarily break budget limits for fiscal revenue and expenditure.
目前金融危机背景下，研究政府软化预算约束的动因，规范其财政行为具有非常重要的现实意义。
The difference, I think, is that Paul is mainly concerned with universal coverage and is happy to put off concerns about the government budget constraint to another day.
我认为，两者的观点之所以不同，是因为保罗关心的主要是广泛的覆盖范围，且乐意推迟考虑政府预算约束的问题。
gregmankiw.blog.163.com
We show that inflation rate is determined by the growth rate of money completely on the balanced growth path, and the government's intertemporal budget constraint is an identity.
我们发现，在平衡增长路径上均衡通货膨胀率完全由货币增长率决定，政府跨时预算约束方程只是个恒等式。

We must tap the only entity that can spend without a budget constraint: the federal government.
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The biggest drawback is that such a role for the government, combined with the lack of a budget constraint, gives them great power.
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Under this hard budget constraint, the rest of the government would have to live on whatever revenues are left over after debt service and Social Security benefits are paid unless Congress is willing to vote for more new borrowing, by super-majority vote if it wants to increase the debt more than the economy is growing.
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