The Political Economy of Fiscal Decisions: The Strategic Role of Public Debt

A ruling party decides each of two periods on the level of public goods which it finances by means of taxation and internal debt. The debt has to be honoured by the government of the second period. Between the two periods elections take place, which may change the ruling party. The book analyzes the...

Ausführliche Beschreibung

Gespeichert in:
Bibliographische Detailangaben
1. Verfasser: Wolff, Jessica de (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: Heidelberg Physica-Verlag HD 1998
Ausgabe:1st ed. 1998
Schriftenreihe:Contributions to Economics
Schlagworte:
Online-Zugang:BTU01
Volltext
Zusammenfassung:A ruling party decides each of two periods on the level of public goods which it finances by means of taxation and internal debt. The debt has to be honoured by the government of the second period. Between the two periods elections take place, which may change the ruling party. The book analyzes the fiscal decision of the first government which aims to maximize the long run utility of its representative voter. Conditions under which the government uses debt strategically in order to stay in power are identified. It is also shown how the fiscal decisions hinge on the populations' political structure and its beliefs about the future government
Beschreibung:1 Online-Ressource (XVI, 150 p. 7 illus)
ISBN:9783642589935
DOI:10.1007/978-3-642-58993-5

Es ist kein Print-Exemplar vorhanden.

Fernleihe Bestellen Achtung: Nicht im THWS-Bestand! Volltext öffnen