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An Empirical Investigation of the Strategic Use of Debt
Pettersson, Per - 1999
In this paper I test two models of strategic debt behavior. The general idea is that if a government anticipates the … possibility of defeat in the next election it will try to use the debt strategically in order to influence the policy of its … successor. Previous empirical studies have either rejected the strategic explanation of debt or have not been able to isolate …
Persistent link: https://www.econbiz.de/10010321712
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An empirical investigation of the strategic use of debt
Pettersson-Lidbom, Per - 1999
In this paper I test two models of strategic debt behavior. The general idea is that if a government anticipates the … possibility of defeat in the next election it will try to use the debt strategically in order to influence the policy of its … successor. Previous empirical studies have either rejected the strategic explanation of debt or have not been able to isolate …
Persistent link: https://www.econbiz.de/10011585975
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An Empirical Investigation of the Strategic Use of Debt.
Pettersson, P. - Nationalekonomiska Institutionen, Uppsala Universitet - 1999
In this paper I test two models of strategic debt behavior. The general idea is that if a government anticipates the … possibility of defeat in the next election it will try to use the debt strategically in order to influence the policy of its … successor. Previous empirical studies have either rejected the strategic explanation of debt or have not been able to isolate …
Persistent link: https://www.econbiz.de/10005669547
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Incumbency and expectations of fiscal rule compliance : evidence from surveys of German policy makers
Heinemann, Friedrich; Janeba, Eckhard; Todtenhaupt, … - 2020
debt levels can be reached despite changes of executive power between parties. We study these questions in the context of … the German debt brake, which became a constitutional provision in 2009 but is binding for the sub-national states from …
Persistent link: https://www.econbiz.de/10012304830
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The Political Economy of Fiscal Consolidation
Price, Robert W.R. - Economics Department, Organisation de Coopération et … - 2010
imprecision about which debt targets should be pursued. It then examines the evidence regarding the exogenous and policy …
Persistent link: https://www.econbiz.de/10008587587
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The perfect finance minister: Whom to appoint as finance minister to balance the budget?
Jochimsen, Beate R.; Thomasius, Sebastian - 2012
The role and influence of the finance minister within the cabinet are discussed with increasing prominence in the recent theoretical literature on the political economy of budget deficits. It is generally assumed that the spending ministers can raise their reputation purely with new or more...
Persistent link: https://www.econbiz.de/10010287327
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The perfect finance minister: Whom to appoint as finance minister to balance the budget
Jochimsen, Beate; Thomasius, Sebastian - In: European Journal of Political Economy 34 (2014) C, pp. 390-408
The role and influence of the finance minister within the cabinet are discussed with increasing prominence in the theoretical literature on the political economy of budget deficits. It is generally assumed that the spending ministers can enhance their reputation purely with new or more extensive...
Persistent link: https://www.econbiz.de/10010931429
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The Perfect Finance Minister: Whom to Appoint as Finance Minister to Balance the Budget?
Jochimsen, Beate R.; Thomasius, Sebastian - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2012
The role and influence of the finance minister within the cabinet are discussed with increasing prominence in the recent theoretical literature on the political economy of budget deficits. It is generally assumed that the spending ministers can raise their reputation purely with new or more...
Persistent link: https://www.econbiz.de/10009646236
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Incumbency and expectations of fiscal rule compliance: Evidence from surveys of German policy makers
Heinemann, Friedrich; Janeba, Eckhard; Todtenhaupt, … - 2020
debt levels can be reached despite changes of executive power between parties. We study these questions in the context of … the German debt brake, which became a constitutional provision in 2009 but is binding for the sub-national states from …
Persistent link: https://www.econbiz.de/10012305587
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Elite persistence and policy persistence : re-installed mayors from Weimar Germany
Nitschke, Remo; Rösel, Felix - 2023
, but re-installed by the Allies after World War II. We find that pre-Nazi patterns in public debt re-appear in cities with … a re-installed mayor, albeit all city debt defaulted after the war. We do not find such correlations in a matched sample … of cities where the Weimar mayor did not return to office. Historical public debt does also not predict debt today in …
Persistent link: https://www.econbiz.de/10013536127