Advanced Search
MyIDEAS: Login

Debts and Deficits with Fragmented Fiscal Policymaking

Contents:

Author Info

  • Velasco, A.
Registered author(s):

    Abstract

    This paper develops a political-economy model of fiscal policy - one in which government resources are a "common property" out of which interest groups can finance expenditures on their preferred items. This setup has striking macroeconomic implications. Transfers are higher than a benevolent planner would choose them to be; fiscal deficits emerge even when there are no reasons for intetemporal smoothing, and in the long run government debts tend to be excessively high; peculiar time profiles for transferscan emerge.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://econ.as.nyu.edu/docs/IO/9381/RR98-06.PDF
    Download Restriction: no

    Bibliographic Info

    Paper provided by C.V. Starr Center for Applied Economics, New York University in its series Working Papers with number 98-06.

    as in new window
    Length: 22 pages
    Date of creation: 1998
    Date of revision:
    Handle: RePEc:cvs:starer:98-06

    Contact details of provider:
    Postal: C.V. Starr Center, Department of Economics, New York University, 19 W. 4th Street, 6th Floor, New York, NY 10012
    Phone: (212) 998-8936
    Fax: (212) 995-3932
    Email:
    Web page: http://econ.as.nyu.edu/object/econ.cvstarr.html
    More information through EDIRC

    Order Information:
    Postal: C.V. Starr Center, Department of Economics, New York University, 19 W. 4th Street, 6th Floor, New York, NY 10012
    Email:

    Related research

    Keywords: FISCAL POLICY ; PUBLIC GOODS ; DEBT;

    Find related papers by JEL classification:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:cvs:starer:98-06

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Anne Stubing).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.