A model of endogenous fiscal deficits and delayed fiscal reforms:
This paper develops a political-economic model of fiscal policy one in which" government resources are a common property' out of which interest groups can finance" expenditures on their preferred items. This setup has striking macroeconomic implications." First, fiscal deficits a...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Cambridge, Mass.
1997
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| Schriftenreihe: | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series
6336 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | This paper develops a political-economic model of fiscal policy one in which" government resources are a common property' out of which interest groups can finance" expenditures on their preferred items. This setup has striking macroeconomic implications." First, fiscal deficits and debt accumulation occur even when there are no reasons for intertemporal smoothing. Second deficits can be eliminated through a fiscal reform, but such a reform may only take place after a" delay during which government debt is built up. |
| Beschreibung: | 31 S. garph. Darst. |
Internformat
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| 490 | 1 | |a National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series |v 6336 | |
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| 650 | 4 | |a Budget deficits | |
| 650 | 4 | |a Fiscal policy | |
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| id | DE-604.BV011807766 |
| illustrated | Not Illustrated |
| indexdate | 2024-07-09T18:16:06Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-007972750 |
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| physical | 31 S. garph. Darst. |
| publishDate | 1997 |
| publishDateSearch | 1997 |
| publishDateSort | 1997 |
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| series | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series |
| series2 | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series |
| spelling | Velasco, Andrés 1960- Verfasser (DE-588)128797126 aut A model of endogenous fiscal deficits and delayed fiscal reforms Andrés Velasco Cambridge, Mass. 1997 31 S. garph. Darst. txt rdacontent n rdamedia nc rdacarrier National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series 6336 This paper develops a political-economic model of fiscal policy one in which" government resources are a common property' out of which interest groups can finance" expenditures on their preferred items. This setup has striking macroeconomic implications." First, fiscal deficits and debt accumulation occur even when there are no reasons for intertemporal smoothing. Second deficits can be eliminated through a fiscal reform, but such a reform may only take place after a" delay during which government debt is built up. Budget deficits Fiscal policy Erscheint auch als Online-Ausgabe National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series 6336 (DE-604)BV002801238 6336 http://papers.nber.org/papers/w6336.pdf kostenfrei Volltext |
| spellingShingle | Velasco, Andrés 1960- A model of endogenous fiscal deficits and delayed fiscal reforms National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series Budget deficits Fiscal policy |
| title | A model of endogenous fiscal deficits and delayed fiscal reforms |
| title_auth | A model of endogenous fiscal deficits and delayed fiscal reforms |
| title_exact_search | A model of endogenous fiscal deficits and delayed fiscal reforms |
| title_full | A model of endogenous fiscal deficits and delayed fiscal reforms Andrés Velasco |
| title_fullStr | A model of endogenous fiscal deficits and delayed fiscal reforms Andrés Velasco |
| title_full_unstemmed | A model of endogenous fiscal deficits and delayed fiscal reforms Andrés Velasco |
| title_short | A model of endogenous fiscal deficits and delayed fiscal reforms |
| title_sort | a model of endogenous fiscal deficits and delayed fiscal reforms |
| topic | Budget deficits Fiscal policy |
| topic_facet | Budget deficits Fiscal policy |
| url | http://papers.nber.org/papers/w6336.pdf |
| volume_link | (DE-604)BV002801238 |
| work_keys_str_mv | AT velascoandres amodelofendogenousfiscaldeficitsanddelayedfiscalreforms |