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dc.contributor.authorSieg, Gernoten
dc.contributor.authorStegemann, Ulrikeen
dc.date.accessioned2010-04-14-
dc.date.accessioned2011-11-14T17:10:50Z-
dc.date.available2011-11-14T17:10:50Z-
dc.date.issued2009-
dc.identifier.urihttp://hdl.handle.net/10419/51311-
dc.description.abstractOpportunistic 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
dc.language.isoengen
dc.publisher|aTechnische Universität Braunschweig, Institut für Volkswirtschaftslehre |cBraunschweigen
dc.relation.ispartofseries|aEconomics Department Working Paper Series |x5en
dc.subject.jelD72en
dc.subject.jelH63en
dc.subject.jelE32en
dc.subject.ddc330en
dc.subject.keywordPolitical Budget Cycleen
dc.subject.keywordDebt Managementen
dc.subject.keywordInflation-indexed Bondsen
dc.subject.keywordStability and Growth Pacten
dc.subject.stwDebt Managementen
dc.subject.stwHaushaltskonsolidierungen
dc.subject.stwEU-Stabilitätspakten
dc.subject.stwPublic Choiceen
dc.subject.stwEU-Staatenen
dc.titleStrategic debt management within the stability and growth pact-
dc.typeWorking Paperen
dc.identifier.ppn623661640en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:tbswps:5en

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