Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/51311
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dc.contributor.authorSieg, Gernoten_US
dc.contributor.authorStegemann, Ulrikeen_US
dc.date.accessioned2010-04-14en_US
dc.date.accessioned2011-11-14T17:10:50Z-
dc.date.available2011-11-14T17:10:50Z-
dc.date.issued2009en_US
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_US
dc.language.isoengen_US
dc.publisher|aInst. für Volkswirtschaftslehre |cBraunschweigen_US
dc.relation.ispartofseries|aEconomics Department Working Paper Series |x5en_US
dc.subject.jelD72en_US
dc.subject.jelH63en_US
dc.subject.jelE32en_US
dc.subject.ddc330en_US
dc.subject.keywordPolitical Budget Cycleen_US
dc.subject.keywordDebt Managementen_US
dc.subject.keywordInflation-indexed Bondsen_US
dc.subject.keywordStability and Growth Pacten_US
dc.subject.stwDebt Managementen_US
dc.subject.stwHaushaltskonsolidierungen_US
dc.subject.stwEU-Stabilitätspakten_US
dc.subject.stwPublic Choiceen_US
dc.subject.stwEU-Staatenen_US
dc.titleStrategic debt management within the stability and growth pacten_US
dc.typeWorking Paperen_US
dc.identifier.ppn623661640en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
dc.identifier.repecRePEc:zbw:tbswps:5-

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