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FiFo Discussion Papers, Finanzwissenschaftliches Forschungsinstitut, Universität Köln >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/27680
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Groneck, Max | | en_US |
| dc.date.accessioned | | 2009-08-12T07:39:42Z | | - |
| dc.date.available | | 2009-08-12T07:39:42Z | | - |
| dc.date.issued | | 2008 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/27680 | | - |
| dc.description.abstract | | In this paper, we compare growth and welfare e¤ects of various budget rules within an endogenous growth model with productive public capital, utility enhancing public consumption and public debt. We find that a fixed deficit regime does not affect the long run growth rate compared to a balanced budget while the growth rate is increased by a golden rule. Welfare effects are ambiguous. Simulations indicate that economies populated by households who have a strong tendency to smooth consumption should adhere to a balanced budget rather than a golden rule or a fixed deficit rule from a welfare point of view. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | | | en_US |
| dc.relation.ispartofseries | | Finanzwissenschaftliche Diskussionsbeiträge / Finanzwissenschaftliches Forschungsinstitut an der Universität zu Köln 08-7 | | en_US |
| dc.subject.jel | | E62 | | en_US |
| dc.subject.jel | | H63 | | en_US |
| dc.subject.jel | | O40 | | en_US |
| dc.subject.jel | | H50 | | en_US |
| dc.subject.jel | | H62 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | Budget rules | | en_US |
| dc.subject.keyword | | golden rule of public finance | | en_US |
| dc.subject.keyword | | fiscal policy | | en_US |
| dc.subject.keyword | | endogenous growth | | en_US |
| dc.subject.keyword | | welfare | | en_US |
| dc.subject.stw | | Finanzpolitik | | en_US |
| dc.subject.stw | | Haushaltsdefizit | | en_US |
| dc.subject.stw | | Regelgebundene Politik | | en_US |
| dc.subject.stw | | Wirtschaftspolitische Wirkungsanalyse | | en_US |
| dc.subject.stw | | Wirtschaftswachstum | | en_US |
| dc.subject.stw | | Neue Wachstumstheorie | | en_US |
| dc.subject.stw | | Wohlfahrtseffekt | | en_US |
| dc.subject.stw | | Theorie | | en_US |
| dc.title | | A Golden Rule of Public Finance or a Fixed Deficit Regime? Growth and Welfare Effects of Budget Rules | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 582120438 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | - |
| Appears in Collections: | | FiFo Discussion Papers, Finanzwissenschaftliches Forschungsinstitut, Universität Köln
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