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The Political Economy of Government Debt

Listed author(s):
  • Alberto Alesina
  • Andrea Passalacqua

This paper critically reviews the literature which explains why and under which circumstances governments accumulate more debt than it would be consistent with optimal fiscal policy. We also discuss numerical rules or institutional designs which might lead to a moderation of these distortions.

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Paper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 21821.

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Date of creation: Dec 2015
Handle: RePEc:nbr:nberwo:21821
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