Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/66118
Authors: 
Moessinger, Marc-Daniel
Year of Publication: 
2012
Series/Report no.: 
ZEW Discussion Papers 12-068
Abstract: 
Using a unique dataset of personal characteristics of national finance ministers in Europe (1980 - 2010), I show that especially a finance minister's experience affects the development of public debt. Both a finance minister's experience gained in office and his political experience have an impact: The change of the debt to GDP ratio is negative the more experience a finance minister has gained as a minister of finance or in former positions as a national cabinet member. While the former result suffers from potential endogeneity, several arguments support that the latter result can be interpreted in a causal way. In contrast, a finance minister's educational background or ideology have no significant impact on public debt changes.
Subjects: 
public finance
public debt
finance minister
personal characteristics
JEL: 
D78
H30
H62
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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