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Future rent-seekink and current public savings
Caballero, Ricardo J.; Yared, Pierre - 2008
Persistent link: https://www.econbiz.de/10003770608
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Future rent-seeking and current public savings
Caballero, Ricardo J. (contributor);  … - 2008
Persistent link: https://www.econbiz.de/10003785552
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Future rent-seeking and current public savings
Caballero, Ricardo J.; Yared, Pierre - In: Journal of international economics 82 (2010) 2, pp. 124-136
Persistent link: https://www.econbiz.de/10008842464
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Future Rent-Seeking and Current Public Savings
Caballero, Ricardo J. - 2011
determination of government debt and deficits in a dynamic political economy model. We show that this conventional wisdom relies on … uncertainty, then a rent-seeking government actually over-saves and over-taxes along the equilibrium path relative to a benevolent … government. This result emerges because of the option value of rent-seeking: A rent-seeking government over-values future funds …
Persistent link: https://www.econbiz.de/10013119168
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Future Rent-Seeking and Current Public Savings
Caballero, Ricardo J. - 2008
size of this political distortion. In this paper we study the determination of government debt and deficits in a dynamic …, a rent-seeking government over-saves and over-taxes along the equilibrium path relative to a benevolent government …
Persistent link: https://www.econbiz.de/10012769645
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Future Rent-Seeking and Current Public Savings
Caballero, Ricardo J. - 2011
size of this political distortion. In this paper we study the determination of government debt and deficits in a dynamic …, a rent-seeking government over-saves and over-taxes along the equilibrium path relative to a benevolent government …
Persistent link: https://www.econbiz.de/10012714047
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Future Rent-Seeking and Current Public Savings
Caballero, Ricardo J. - 2008
size of this political distortion. In this paper we study the determination of government debt and deficits in a dynamic …, a rent-seeking government over-saves and over-taxes along the equilibrium path relative to a benevolent government …
Persistent link: https://www.econbiz.de/10012464230
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Role of institutional cost associated with providing public goods in cyclicality of fiscal policy and macroeconomic volatility
Kim, Jongheuk - In: Journal of economic research 22 (2017) 3, pp. 227-252
Persistent link: https://www.econbiz.de/10011789865
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Volatility and resilience of democratic public-good provision
Gersbach, Hans; Pitsuwan, Fikri; Bolgè, Giovanni Valvassori - 2024
We examine democratic public-good provision with heterogeneous legislators. Decisions are taken by majority rule and an agenda-setter proposes a level of the public good, taxes, and subsidies. Members are heterogeneous with respect to their benefits from the public good. We find that, depending...
Persistent link: https://www.econbiz.de/10014500614
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International financial instability
Wyplosz, Charles - In: Global public goods : international cooperation in the …, (pp. 152-189). 1999
Persistent link: https://www.econbiz.de/10001397321