Contributions to Economics

The Political Economy of Fiscal Decisions

The Strategic Role of Public Debt

Authors: Wolff, Jessica de

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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.

Table of contents (7 chapters)

Table of contents (7 chapters)

Buy this book

eBook $74.99
price for USA in USD
  • ISBN 978-3-642-58993-5
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • Immediate eBook download after purchase and usable on all devices
  • Bulk discounts available
Softcover $99.00
price for USA in USD
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Bibliographic Information

Bibliographic Information
Book Title
The Political Economy of Fiscal Decisions
Book Subtitle
The Strategic Role of Public Debt
Authors
Series Title
Contributions to Economics
Copyright
1998
Publisher
Physica-Verlag Heidelberg
Copyright Holder
Springer-Verlag Berlin Heidelberg
eBook ISBN
978-3-642-58993-5
DOI
10.1007/978-3-642-58993-5
Softcover ISBN
978-3-7908-1130-8
Series ISSN
1431-1933
Edition Number
1
Number of Pages
XVI, 150
Number of Illustrations
7 b/w illustrations
Topics