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Political Disagreement, Lack of Commitment and the Level of Debt

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  • Ricardo Nunes

    (Universitat Pompeu Fabra)

  • Davide Debortoli

    (Universitat Pompeu Fabra)

Abstract

debt is sensibly increasing in the degree of political disagreement. Lower degree of commitment drives debt toward zero, while the frequency of political turnover does not produce relevant effects.

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Bibliographic Info

Paper provided by Society for Economic Dynamics in its series 2007 Meeting Papers with number 725.

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Date of creation: 2007
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Handle: RePEc:red:sed007:725

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Citations

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Cited by:
  1. Marina Azzimonti, 2011. "The dynamics of public investment under persistent electoral advantage," Working Papers 11-23, Federal Reserve Bank of Philadelphia.
  2. Davide Debortoli & Ricardo Nunes, 2007. "Loose commitment," International Finance Discussion Papers 916, Board of Governors of the Federal Reserve System (U.S.).
  3. Campbell Leith & Simon Wren-Lewis, 2008. "Electoral uncertainty and the deficit bias in a New Keynesian Economy," Working Papers 2009_11, Business School - Economics, University of Glasgow, revised Feb 2009.
  4. Davide Debortoli & Ricardo Nunes, 2008. "The macroeconomic effect of external pressures on monetary policy," International Finance Discussion Papers 944, Board of Governors of the Federal Reserve System (U.S.).
  5. Nunes, Ricardo, 2008. "Delegation and Loose Commitment," MPRA Paper 11555, University Library of Munich, Germany.
  6. Bodenstein, Martin & Hebden, James & Nunes, Ricardo, 2012. "Imperfect credibility and the zero lower bound," Journal of Monetary Economics, Elsevier, vol. 59(2), pages 135-149.

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