expenditure, redistributive transfers, the tax rate and the level of public debt. Voters cast their vote after seeing the … platforms and elect representatives according to a majoritarian winner take all system. The level of debt, by affecting the … equilibrium of this game when public debt is the state variable, and study how Pareto efficiency depends on the electoral rule and …

expenditure, redistributive transfers, the tax rate and the level of public debt. Voters cast their vote after seeing the … platforms and elect representatives according to a majoritarian winner take all system. The level of debt, by affecting the … equilibrium of this game when public debt is the state variable, and study how Pareto efficiency depends on the electoral rule and …

Germany introduced a new fiscal rule, the 'debt brake', after the Global Financial Crisis and since then experienced a … strong decline in its public debt to GDP ratio until the coronavirus pandemic struck. The past ten years and the reaction to … the current crisis in Germany illustrate the intended effects of fiscal rules very well. Debt ratios are reduced during …

generalized, and the implications of fiscal rules for the use of debt as a strategic asset in the hands of politicians are derived …

motive for expectation management that aims towards the manipulation of equilibrium prices of government debt in a favorable …