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and current account deficits, which have in turn driven Greece's foreign indebtedness to alarming levels, necessitating …
Persistent link: https://www.econbiz.de/10010270514
and current account deficits, which have in turn driven Greece’s foreign indebtedness to alarming levels, necessitating …
Persistent link: https://www.econbiz.de/10008572540
This paper proposes a dynamic politico-economic theory of debt, government finance and expenditure. Agents have … choose taxation, government expenditure and debt accumulation through repeated elections. Debt introduces a conflict of … taxes do not distort labour supply, the economy progressively depletes its resources through debt accumulation, leaving …
Persistent link: https://www.econbiz.de/10010287737
This paper proposes a dynamic politico-economic theory of debt, government finance and expenditure. Agents have … choose taxation, government expenditure and debt accumulation through repeated elections. Debt introduces a conflict of … taxes do not distort labour supply, the economy progressively depletes its resources through debt accumulation, leaving …
Persistent link: https://www.econbiz.de/10005652259
imprecision about which debt targets should be pursued. It then examines the evidence regarding the exogenous and policy …’économie politique de l’ajustement budgétaire. Il commence par examiner l’existence et les sources d’un biais en faveur des déficits …
Persistent link: https://www.econbiz.de/10008587587
This paper considers implications of population aging for the conduct of fiscal policy, grouping the issues into four areas, focusing on the impact of aging on: (1) the size of government budget imbalances; (2) the composition of government spending and government budget flexibility; (3) the...
Persistent link: https://www.econbiz.de/10010570826
Countries vary widely with respect to the share of government spending on health, a metric that can serve as a proxy for the extent to which health is prioritized by governments. World Health Organization (WHO) data estimate that, in 2011, health's share of aggregate government expenditure in...
Persistent link: https://www.econbiz.de/10010754596
system development, sovereign debt vulnerabilities, and ways to sustain progress in reducing inflation by strengthening the …
Persistent link: https://www.econbiz.de/10005590924
Due to the long-standing debate about the pros and cons of using public debt as a policy tool, we know a lot about what …, in the literature on the political economy of public debt there are relatively few empirical studies which investigate … the obvious research question of what citizens think about public debt; though citizens’ opinions are likely to be …
Persistent link: https://www.econbiz.de/10012434929
Due to the long-standing debate about the pros and cons of using public debt as a policy tool, we know a lot about what …, in the literature on the political economy of public debt there are relatively few empirical studies which investigate … the obvious research question of what citizens think about public debt; though citizens’ opinions are likely to be …
Persistent link: https://www.econbiz.de/10012155253