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The conventional wisdom is that politicians' rent-seeking motives increase public debt and deficits. This is because myopic politicians face political risk and prefer to extract political rents as early as possible. In this paper we study the determination of government debt and deficits in a...
Persistent link: https://www.econbiz.de/10013119168
posture, we recommend deep cuts in nuclear weapons and missile defense spending. Additional savings can be obtained by …
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Are generational accounts informative about the effect of the budget on the intergenerational distribution of resources and on aggregate saving? First, the usefulness of generational accounts lives or dies with the strict life-cycle model of household consumption. Second, even if the life-cycle...
Persistent link: https://www.econbiz.de/10012782030
Malaysia's public transportation system has significantly improved over the years. With the introduction of several railway corporations, the Malaysian transportation system, particularly, that of Kuala Lumpur (KL) has seen a massive refinement. In the successful establishment of the Mass Rapid...
Persistent link: https://www.econbiz.de/10012909703
This article measures the total government indebtedness, total investment and gross national savings of Greece, Italy …, current account balance, total investment, gross national savings, general government structural balance and total output … national savings and taxation. Implementation of an equitable progressive income taxation system would be achieved in …
Persistent link: https://www.econbiz.de/10012894969
program involved the unlawful declaration and utilization of savings as defined in the law, Congress initiated the … redefinition of the concept of “savings” in the General Appropriations Act (GAA) or the National Budget. This re …-conceptualized definition of “savings” will be introduced for the very first time in the coming fiscal year 2015. Being a significant departure …
Persistent link: https://www.econbiz.de/10012937564
The conventional wisdom is that politicians' rent-seeking motives increase public debt and deficits. This is because myopic politicians face political risk and prefer to extract political rents as early as possible. An implication of this argument is that governments will under-save during a...
Persistent link: https://www.econbiz.de/10012769645
) and similar tax-deferred accounts will reduce the risk that many Canadians will outlive their savings. Yet with yields on … Institute report. In “Drawing Down Our Savings: The Prospects for RRIF Holders Following the 2015 Federal Budget,” authors …
Persistent link: https://www.econbiz.de/10013019683