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The Political Economy of Fiscal Decisions - The Strategic Role of Public Debt (Paperback, 1998 ed.) Loot Price: R1,425
Discovery Miles 14 250
Repayment Terms: R134 pm x 12*
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The Political Economy of Fiscal Decisions - The Strategic Role of Public Debt (Paperback, 1998 ed.): Jessica De Wolff

The Political Economy of Fiscal Decisions - The Strategic Role of Public Debt (Paperback, 1998 ed.)

Jessica De Wolff

Series: Contributions to Economics

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Loot Price R1,425 Discovery Miles 14 250 | Repayment Terms: R134 pm x 12*

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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.

General

Imprint: Physica-Verlag
Country of origin: Germany
Series: Contributions to Economics
Release date: 2001
First published: 1998
Authors: Jessica De Wolff
Dimensions: 235 x 155 x 9mm (L x W x T)
Format: Paperback
Pages: 150
Edition: 1998 ed.
ISBN-13: 978-3-7908-1130-8
Categories: Books > Business & Economics > Economics > Political economy
Books > Business & Economics > Finance & accounting > Finance > Public finance > General
Books > Money & Finance > Public finance > General
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LSN: 3-7908-1130-0
Barcode: 9783790811308

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