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Does the Broad Public Want to Consolidate Public Debt? – The Role of Fairness and of Policy Credibility
Stix, Helmut - 2011
generation (this effect is surprisingly small), that (iv) the distributional fairness among the current generation is as at least … as important as the intergenerational aspect and that (v) the low credibility of medium-term fiscal policy plans can be a …
Persistent link: https://www.econbiz.de/10013370084
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Working Paper 167
Stix, Helmut - Oesterreichische Nationalbank - 2011
generation (this effect is surprisingly small), that (iv) the distributional fairness among the current generation is as at least … as important as the intergenerational aspect and that (v) the low credibility of medium-term fiscal policy plans can be a …
Persistent link: https://www.econbiz.de/10010727829
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Environmental pollution & the political economy of public debt
Kellner, Maximilian - 2020
This paper analyzes the political economy of government debt when elected politicians decide about the distribution of public funds between a clean and a polluting public good. When provision of the polluting good creates a stock of climate externalities, strategic incentives for the incumbent...
Persistent link: https://www.econbiz.de/10012426927
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Environmental Pollution & the Political Economy of Public Debt
Kellner, Maximilian - 2020
This paper analyzes the political economy of government debt when elected politicians decide about the distribution of public funds between a clean and a polluting public good. When provision of the polluting good creates a stock of climate externalities, strategic incentives for the incumbent...
Persistent link: https://www.econbiz.de/10012287849
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Staatsverschuldung aus Bürgersicht: ein Forschungsüberblick
Mause, Karsten - In: Vierteljahrshefte zur Wirtschaftsforschung 88 (2019) 4, pp. 39-49
Aufgrund der seit langem geführten Debatte um das Für und Wider der Nutzung des Politikinstruments der Staatsverschuldung wissen wir recht viel darüber, was Experten (z. B. Finanzpolitiker/ -wissenschaftler) von Haushaltskonsolidierung, Deficit-Spending oder Verschuldungsgrenzen halten....
Persistent link: https://www.econbiz.de/10012434929
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Staatsverschuldung aus Bürgersicht : ein Forschungsüberblick
Mause, Karsten - In: Vierteljahrshefte zur Wirtschaftsforschung 88 (2019) 4, pp. 39-49
Aufgrund der seit langem geführten Debatte um das Für und Wider der Nutzung des Politikinstruments der Staatsverschuldung wissen wir recht viel darüber, was Experten (z. B. Finanzpolitiker/‌-‍wissenschaftler) von Haushaltskonsolidierung, Deficit-Spending oder Verschuldungsgrenzen halten....
Persistent link: https://www.econbiz.de/10012155253
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The politics of redistribution and sovereign default
Scholl, Almuth - 2023
This paper studies how distributional and electoral concerns shape sovereign default incentives within a quantitative model of sovereign debt with heterogeneous agents and non-linear income taxation. The small open economy is characterized by a two-party system in which the left-wing party has a...
Persistent link: https://www.econbiz.de/10014248102
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China's Growth and Integration into the World Economy; Prospects and Challenges
Prasad, Eswar - International Monetary Fund (IMF) - 2004
China’s transformation into a dynamic private-sector-led economy and its integration into the world economy have been among the most dramatic global economic developments of recent decades. This paper provides an overview of some of the key aspects of recent developments in China’s...
Persistent link: https://www.econbiz.de/10005252521
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Volatility and Growth in Latin America; An Episodic Approach
Sahay, Ratna; Goyal, Rishi - International Monetary Fund (IMF) - 2006
This paper compares the pattern of macroeconomic volatility in 17 Latin American countries during episodes of high and low growth since 1970, examining in particular the role of policy volatility. Macroeconomic outcomes are distinguished from macroeconomic policies, structural reforms and...
Persistent link: https://www.econbiz.de/10005825787
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Fiscal Rules in a Volatile World; A Welfare-Based Approach
Restrepo, Jorge; Garcia, Carlos; Tanner, Evan - International Monetary Fund (IMF) - 2011
It is widely agreed that a fiscal rule should boost discipline and credibility, reduce macroeconomic volatility, and be …
Persistent link: https://www.econbiz.de/10008876585