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Government Domestic Debt And The Risk Of Default: A Political-Economic Model Of The Strategic Role Of Debt

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Author Info
AGHION, P.
BOLTON, P.
Abstract

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Publisher Info
Paper provided by DELTA (Ecole normale supérieure) in its series DELTA Working Papers with number 90-11.

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Length: 44 pages
Date of creation: 1990
Date of revision:
Publication status: Published in Capital Markets and Debt Management, R. Dornbusch and M. Draghi, eds, Cambridge (MA), MIT Press, 1990
Handle: RePEc:del:abcdef:90-11

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Related research
Keywords: public debt ; social choice ; fiscal policy ; voting;

Cited by:
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  1. Allan Drazen, 1997. "Towards a Political-Economic Theory of Domestic Debt," NBER Working Papers 5890, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  2. Uhlig, H., 1997. "Long term debt and the political support for a monetary union," Discussion Paper 13, Tilburg University, Center for Economic Research. [Downloadable!]
    Other versions:
  3. Peter Diamond, 1994. "Insulation of Pensions from Political Risk," NBER Working Papers 4895, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
  4. Per Pettersson, 2000. "An Empirical Investigation of the Strategic Use of Debt," Econometric Society World Congress 2000 Contributed Papers 1372, Econometric Society. [Downloadable!]
  5. Egil Matsen & Øystein Thøgersen, 2007. "Habit formation, strategic extremism and debt policy," Working Paper Series 9007, Department of Economics, Norwegian University of Science and Technology. [Downloadable!]
    Other versions:
  6. Conning, Jonathan H & Robinson, James A, 2002. "Land Reform and the Political Organization of Agriculture," CEPR Discussion Papers 3204, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
  7. Di Gioacchino, Debora & Ginebri, Sergio & Sabani, Laura, 2004. "Political support to public debt repudiation in a Monetary Union - the role of the geographical allocation of debt," Economics & Statistics Discussion Papers esdp04019, University of Molise, Dept. SEGeS. [Downloadable!]
  8. Oliver Pamp, 2004. "Partisan Preferences and Political Institutions: Explaining Fiscal Retrenchment in the European Union," Eastward Enlargement of the Euro-zone Working Papers wp24, Free University Berlin, Jean Monnet Centre of Excellence, revised 15 Oct 2004. [Downloadable!]
  9. Pettersson, Per, 1999. "An Empirical Investigation of the Strategic Use of Debt," Working Paper Series 1999:4, Uppsala University, Department of Economics. [Downloadable!]
  10. Daron Agemoglu & Davide Ticchi & Andrea Vindigni, 2006. "Emergence and Persistence of Inefficient States," LABORatorio R. Revelli Working Papers Series 54, LABORatorio R. Revelli, Centre for Employment Studies. [Downloadable!]
    Other versions:
  11. Ricardo J. Caballero & Pierre Yared, 2008. "Inflating the Beast: Political Incentives Under Uncertainty," NBER Working Papers 13779, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  12. Pedro Escudero Fernández & Diego Prior, 2002. "Endeudamiento y ciclos políticos presupuestarios: el caso de los ayuntamientos catalanes," Working Papers 200210, Department of Business Economics, Universitat Autonoma de Barcelona. [Downloadable!]
  13. Rodríguez-Pose, Andrés & Tselios, Vassilis, 2008. "Inequalities in Income and Education and Regional Economic Growth in Western Europe," Papers DYNREG34, Economic and Social Research Institute (ESRI). [Downloadable!]
  14. Giorgio Bellettini, 1995. "Aggregate uncertainty, political instability and redistribution," Working Papers 213, Dipartimento Scienze Economiche, Universita' di Bologna. [Downloadable!]
  15. Robinson, James A & Verdier, Thierry, 2002. "The Political Economy of Clientelism," CEPR Discussion Papers 3205, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
  16. Frank Bohn, 2002. "Public Finance under Political Instability and Debt Conditionality," Economics Discussion Papers 540, University of Essex, Department of Economics. [Downloadable!]
    Other versions:
  17. Bruno Biais & Enrico Perotti, 2002. "Machiavellian Privatization," American Economic Review, American Economic Association, vol. 92(1), pages 240-258, March. [Downloadable!]
  18. F. Bohn, 2003. "A Note on Corruption and Public Investment: The Political Instability Threshold," Economics Discussion Papers 559, University of Essex, Department of Economics. [Downloadable!]
    Other versions:
  19. Bernardo Bortolotti & Paolo Pinotti, 2003. "The Political Economy of Privatization," Working Papers 2003.45, Fondazione Eni Enrico Mattei. [Downloadable!]
  20. Di Gioacchino, Debora & Ginebri, Sergio & Sabani, Laura, 2003. "The Political Power of the Owners of Public Debt," Economics & Statistics Discussion Papers esdp03006, University of Molise, Dept. SEGeS. [Downloadable!]
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