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.
目前金融危機背景下，研究政府軟化預算約束的動因，槼範其財政行爲具有非常重要的現實意義。
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.
我認爲，兩者的觀點之所以不同，是因爲保羅關心的主要是廣泛的覆蓋範圍，且樂意推遲考慮政府預算約束的問題。
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.
我們發現，在平衡增長路逕上均衡通貨膨脹率完全由貨幣增長率決定，政府跨時預算約束方程衹是個恒等式。

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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