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This paper focuses on the observed empirical relationship between fiscal rules and budget deficits, and examines whether this correlation is driven by an omitted variable, namely voter preferences. We make use of two different estimation methods to capture voter preferences in a panel of Swiss...
Persistent link: https://www.econbiz.de/10010316757
. This divergence from the Ricardian equivalence thesis is traced to the omission of interest payments on public debt as part …
Persistent link: https://www.econbiz.de/10010427622
. This divergence from the Ricardian equivalence thesis is traced to the omission of interest payments on public debt as part …
Persistent link: https://www.econbiz.de/10010427638
”: they believe that government debt must necessarily be repaid and therefore leave the present value of their income streams …
Persistent link: https://www.econbiz.de/10010427647
": they believe that government debt must necessarily be repaid and therefore leave the present value of their income streams …
Persistent link: https://www.econbiz.de/10009490196
Persistent link: https://www.econbiz.de/10010350222
considering an economy in steady state where all agents hold Barro expectations: they believe that government debt must …
Persistent link: https://www.econbiz.de/10010308120
Persistent link: https://www.econbiz.de/10013044510
. This divergence from the Ricardian equivalence thesis is traced to the omission of interest payments on public debt as part …
Persistent link: https://www.econbiz.de/10009656223
. This divergence from the Ricardian equivalence thesis is traced to the omission of interest payments on public debt as part …
Persistent link: https://www.econbiz.de/10010441506