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Tackling the Federal Debt Problem Fairly

Gale, William G. - 2021

generations and across generations. This article addresses concepts of fairness and their application to resolutions of the …

Persistent link: https://www.econbiz.de/10013250366

The prince and the pauper : fairness through thick and thin veils of ignorance

Leong, Chee Kian - 2014

fairness and redistributional choices. A fortune reversal is generally perceived to be fair behind a thick VOI, but deemed … exists between the perception of fairness and the certainty levels about social position. A 50-50 split is preferred with …

Persistent link: https://www.econbiz.de/10010388830

Public goods, signaling, and norms of conscientious leadership

Amegashie, J. Atsu - 2016

contributing to the public good. The model combines a follower's concern for fairness and informational signaling about …

Persistent link: https://www.econbiz.de/10011573862

Towards a new architecture for the euro area : an early appraisal of the Juncker Commission

Bierbrauer, Christoph - 2020 - This Draft: February 5, 2020

We provide an early assessment of the Juncker Commission's contributions to the ongoing reform of the euro area. In doing so, we present a chronological summary of the reform process up to 2014. At the time, the euro area architecture had undergone many changes. These were mainly focused on risk...

Persistent link: https://www.econbiz.de/10012167291

Emotions and political unrest

Passarelli, Francesco; Tabellini, Guido Enrico - 2013

unpleasant policy choices. -- emotions ; political economics ; unrest ; riots ; fairness ; public debt ; procrastination …This paper formulates a general theory of how political unrest influences public policy. Political unrest is motivated … by emotions. Individuals engage in protests if they are aggrieved and feel that they have been treated unfairly. This …

Persistent link: https://www.econbiz.de/10009722397

Emotions and Political Unrest

Passarelli, Francesco - 2013

This paper formulates a general theory of how political unrest influences public policy. Political unrest is motivated … by emotions. Individuals engage in protests if they are aggrieved and feel that they have been treated unfairly. This …

Persistent link: https://www.econbiz.de/10013084007

Fiscal adjustment and the costs of public debt service : evidence from OECD countries

Schaltegger, Christoph A.; Weder, Martin - 2010

We use a panel of 21 OECD countries from 1970 to 2009 to investigate the effects of different fiscal adjustment strategies on long-term interest rates - a key fiscal indicator reflecting the costs of government debt service. A government confronted with high deficits and rising debt will sooner...

Persistent link: https://www.econbiz.de/10008807633

Federalism, fiscal space, and public investment spending : do fiscal rules impose hard budget constraints?

Chakraborti, Pinaki - 2016

The primary objective of rule-based fiscal legislation at the subnational level in India is to achieve debt sustainability by placing a ceiling on borrowing and the use of borrowed resources for public capital investment by phasing out deficits in the budget revenue account. This paper examines...

Persistent link: https://www.econbiz.de/10011530542

The U.S. Public Debt Crisis : A Catalyst for Fiscal Reform and Economic Growth

Dodwell, William J. - 2011

The financial crisis and the ensuing Great Recession created unprecedented federal budget deficits in recent years. In fact, these events, combined with subsequent slow growth and two continuing unfunded wars, have resulted in a national debt that is out of control by all meaningful measures....

Persistent link: https://www.econbiz.de/10013120084

Austerity : Causes, Consequences and Remedies

Larson, Sven R. - 2012

Austerity is a concept that is often used in the public debate. It refers to fiscal policy measures that reduce government spending and raise taxes for the purposes of closing a government budget deficit. This paper analyzes the concept in the context of the current European economic crisis and...

Persistent link: https://www.econbiz.de/10013107161

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