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The Political Economy of Fiscal Decisions

The Strategic Role of Public Debt

  • Book
  • © 1998

Overview

Authors:
  1. Jessica Wolff

    1. Economics Department Sekr. WW4, Technical University of Berlin, Berlin, Germany

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Part of the book series: Contributions to Economics (CE)

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Table of contents (7 chapters)

  1. Front Matter

    Pages i-xv
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  2. Introduction

    • Jessica de Wolff
    Pages 1-6

  3. The Evolution of Public Debt

    • Jessica de Wolff
    Pages 7-9

  4. Literature Survey: The Political Economy of the Government Budget

    • Jessica de Wolff
    Pages 11-48

  5. Introduction to the Model

    • Jessica de Wolff
    Pages 49-66

  6. The Model

    • Jessica de Wolff
    Pages 67-87

  7. The Implications for Fiscal Policy

    • Jessica de Wolff
    Pages 89-107

  8. Conclusions

    • Jessica de Wolff
    Pages 109-113

  9. Back Matter

    Pages 115-151
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Keywords

About this book

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 fiscal decision of the first government which aims to maximize the long run utility of its representative voter. Conditions under which the government uses debt strategically in order to stay in power are identified. It is also shown how the fiscal decisions hinge on the populations' political structure and its beliefs about the future government.

Authors and Affiliations

  • Economics Department Sekr. WW4, Technical University of Berlin, Berlin, Germany

    Jessica Wolff

Bibliographic Information

  • Book Title: The Political Economy of Fiscal Decisions

  • Book Subtitle: The Strategic Role of Public Debt

  • Authors: Jessica Wolff

  • Series Title: Contributions to Economics

  • DOI: https://doi.org/10.1007/978-3-642-58993-5

  • Publisher: Physica Heidelberg

  • eBook Packages: Springer Book Archive

  • Copyright Information: Springer-Verlag Berlin Heidelberg 1998

  • Softcover ISBN: 978-3-7908-1130-8Published: 17 September 1998

  • eBook ISBN: 978-3-642-58993-5Published: 06 December 2012

  • Series ISSN: 1431-1933

  • Series E-ISSN: 2197-7178

  • Edition Number: 1

  • Number of Pages: XVI, 150

  • Number of Illustrations: 7 b/w illustrations

  • Topics: Public Economics

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