IDEAS home Printed from https://ideas.repec.org/p/ter/wpaper/00135.html

Public debt stabilization: The relevance of policymakers’ time horizons

Author

Listed:
  • Di Bartolomeo Giovanni
  • Di Pietro Marco
  • Semmler Willi

Abstract

Policymakers are stuck in time. Political short-termism, policy myopia, policy short-sightedness, and similar words have been coined to emphasize present-centric policy thinking. Politics tends to produce short time horizons and, as a result, policymakers often fail to take advantage of opportunities now to mitigate future harms. Focusing on fiscal and monetary strategic interactions, given different separate decision makers, our paper aims to explore the effects of policymakers’ time horizons on debt stabilization. To formalize our ideas, we use the novel concept of Nonlinear-model-predictive-control Feedback Nash Equilibrium (NFNE) and find that present-centric policy thinking and decision-making horizons matters along several dimensions.

Suggested Citation

  • Di Bartolomeo Giovanni & Di Pietro Marco & Semmler Willi, 2017. "Public debt stabilization: The relevance of policymakers’ time horizons," wp.comunite 00135, Department of Communication, University of Teramo.
    • Handle: RePEc:ter:wpaper:00135
    as

    Download full text from publisher

    File URL: https://www.dipecodir.it/wpcom/data/wp_no_135_2017.pdf
    Download Restriction: no
    ---><---

    Other versions of this item:

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Di Bartolomeo, Giovanni & Saltari, Enrico & Semmler, Willi, 2019. "The effects of political short-termism on transitions induced by pollution regulations," EconStor Preprints 200143, ZBW - Leibniz Information Centre for Economics.
    2. Semmler, Willi & Di Bartolomeo, Giovanni & Minooei Fard, Behnaz & Braga, Joao Paulo, 2022. "Limit pricing and entry game of renewable energy firms into the energy sector," Structural Change and Economic Dynamics, Elsevier, vol. 61(C), pages 179-190.
    3. Minooei Fard, Behnaz & Di Bartolomeo, Giovanni & Semmler, Willi, 2026. "A global asymmetric duopoly game of relatively scarce resources," Macroeconomic Dynamics, Cambridge University Press, vol. 30, pages 1-1, January.
    4. Di Bartolomeo, Giovanni & Minooei Fard, Behnaz & Semmler, Willi, 2023. "Greenhouse gases mitigation: global externalities and short-termism," Environment and Development Economics, Cambridge University Press, vol. 28(3), pages 230-241, June.
    5. Behnaz Minooei Fard & Willi Semmler & Giovanni Di Bartolomeo, 2023. "Rare Earth Elements: A game between China and the rest of the world," Working Papers in Public Economics 235, Department of Economics and Law, Sapienza University of Roma.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ter:wpaper:00135. See general information about how to correct material in RePEc.

    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.

    We have no bibliographic references for this item. You can help adding them by using 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Giovanni Di Bartolomeo (email available below). General contact details of provider: http://sites.google.com/a/uniroma1.it/cimeo/home .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.