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Technische Universität Braunschweig >
Institut für Volkswirtschaftslehre, Technische Universität Braunschweig >
Economics Department Working Paper Series, TU Braunschweig >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/51311
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Sieg, Gernot | | en_US |
| dc.contributor.author | | Stegemann, Ulrike | | en_US |
| dc.date.accessioned | | 2010-04-14 | | en_US |
| dc.date.accessioned | | 2011-11-14T17:10:50Z | | - |
| dc.date.available | | 2011-11-14T17:10:50Z | | - |
| dc.date.issued | | 2009 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/51311 | | - |
| dc.description.abstract | | Opportunistic politicians use the composition of public debt as a signal for competence. A competent government will not issue long-term nominal debt, as optimal to balance the budget, but long-term inflation-indexed debt. We consider politicians that pursue the objective of a balanced budget subject to the Stability and Growth Pact and reelection. A government's competence is reflected by its ability to produce a public service at a lower cost (taxes). Competence is private information of politicians. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | Inst. für Volkswirtschaftslehre Braunschweig | | en_US |
| dc.relation.ispartofseries | | Economics Department Working Paper Series 5 | | en_US |
| dc.subject.jel | | D72 | | en_US |
| dc.subject.jel | | H63 | | en_US |
| dc.subject.jel | | E32 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | Political Budget Cycle | | en_US |
| dc.subject.keyword | | Debt Management | | en_US |
| dc.subject.keyword | | Inflation-indexed Bonds | | en_US |
| dc.subject.keyword | | Stability and Growth Pact | | en_US |
| dc.subject.stw | | Debt Management | | en_US |
| dc.subject.stw | | Haushaltskonsolidierung | | en_US |
| dc.subject.stw | | EU-Stabilitätspakt | | en_US |
| dc.subject.stw | | Public Choice | | en_US |
| dc.subject.stw | | EU-Staaten | | en_US |
| dc.title | | Strategic debt management within the stability and growth pact | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 623661640 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | en_US |
| dc.identifier.repec | | RePEc:zbw:tbswps:5 | | - |
| Appears in Collections: | | Economics Department Working Paper Series, TU Braunschweig
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