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https://hdl.handle.net/10419/27680
Kompletter Metadatensatz
DublinCore-Feld | Wert | Sprache |
---|---|---|
dc.contributor.author | Groneck, Max | en |
dc.date.accessioned | 2009-08-12T07:39:42Z | - |
dc.date.available | 2009-08-12T07:39:42Z | - |
dc.date.issued | 2008 | - |
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 |
dc.language.iso | eng | en |
dc.publisher | |aFinanzwissenschaftliches Forschungsinstitut an der Universität zu Köln (FiFo Köln) |cKöln | en |
dc.relation.ispartofseries | |aFiFo-CPE Discussion Paper |x08-7 | en |
dc.subject.jel | E62 | en |
dc.subject.jel | H63 | en |
dc.subject.jel | O40 | en |
dc.subject.jel | H50 | en |
dc.subject.jel | H62 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | Budget rules | en |
dc.subject.keyword | golden rule of public finance | en |
dc.subject.keyword | fiscal policy | en |
dc.subject.keyword | endogenous growth | en |
dc.subject.keyword | welfare | en |
dc.subject.stw | Finanzpolitik | en |
dc.subject.stw | Haushaltsdefizit | en |
dc.subject.stw | Regelgebundene Politik | en |
dc.subject.stw | Wirtschaftspolitische Wirkungsanalyse | en |
dc.subject.stw | Wirtschaftswachstum | en |
dc.subject.stw | Neue Wachstumstheorie | en |
dc.subject.stw | Wohlfahrtseffekt | en |
dc.subject.stw | Theorie | en |
dc.title | A Golden Rule of Public Finance or a Fixed Deficit Regime? Growth and Welfare Effects of Budget Rules | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 582120438 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
dc.identifier.repec | RePEc:zbw:uoccpe:7450 | en |
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