The political economy of fiscal decisions : the strategic role of public debt /

A ruling party decides each of two periods on the level of public goods which it finances by means of taxation and internal debt. The debt has to be honoured by the government of the second period. Between the two periods elections take place, which may change the ruling party. The book analyzes the...

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Bibliographic Details
Main Author:	De Wolff, Jessica, 1964-
Corporate Author:	SpringerLink (Online service)
Format:	eBook
Language:	English
Published:	Heidelberg : New York : Physica-Verlag ; Springer-Verlag, [1998]
Series:	Contributions to economics.
Subjects:	Debts, Public > Mathematical models. Fiscal policy > Mathematical models. Debts, Public > Political aspects. Electronic books.
Online Access:	Connect to the full text of this electronic book

Table of Contents:

The Evolution of Public Debt
Literature Survey: The Political Economy of the Government Budget
Introduction to the Model
The Model
The Implications for Fiscal Policy
Conclusions.