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Tackling the Federal Debt Problem Fairly

Gale, William G. - 2021

generations and across generations. This article addresses concepts of fairness and their application to resolutions of the …

Persistent link: https://www.econbiz.de/10013250366

The prince and the pauper : fairness through thick and thin veils of ignorance

Leong, Chee Kian - 2014

fairness and redistributional choices. A fortune reversal is generally perceived to be fair behind a thick VOI, but deemed … exists between the perception of fairness and the certainty levels about social position. A 50-50 split is preferred with …

Persistent link: https://www.econbiz.de/10010388830

Public goods, signaling, and norms of conscientious leadership

Amegashie, J. Atsu - 2016

contributing to the public good. The model combines a follower's concern for fairness and informational signaling about …

Persistent link: https://www.econbiz.de/10011573862

Towards a new architecture for the euro area : an early appraisal of the Juncker Commission

Bierbrauer, Christoph - 2020 - This Draft: February 5, 2020

We provide an early assessment of the Juncker Commission's contributions to the ongoing reform of the euro area. In doing so, we present a chronological summary of the reform process up to 2014. At the time, the euro area architecture had undergone many changes. These were mainly focused on risk...

Persistent link: https://www.econbiz.de/10012167291

Emotions and Political Unrest

Passarelli, Francesco - 2013

This paper formulates a general theory of how political unrest influences public policy. Political unrest is motivated … by emotions. Individuals engage in protests if they are aggrieved and feel that they have been treated unfairly. This …

Persistent link: https://www.econbiz.de/10013084007

Emotions and political unrest

Passarelli, Francesco; Tabellini, Guido Enrico - 2013

unpleasant policy choices. -- emotions ; political economics ; unrest ; riots ; fairness ; public debt ; procrastination …This paper formulates a general theory of how political unrest influences public policy. Political unrest is motivated … by emotions. Individuals engage in protests if they are aggrieved and feel that they have been treated unfairly. This …

Persistent link: https://www.econbiz.de/10009722397

The Positive Political Economy of Public Debt : An Empirical Examination of the OECD Postwar Experience

Franzese, Robert J. - 2008

The volume of theoretical literature seeking to explain public-debt accumulation has exploded in recent years as debt crises have emerged in many nations. However, empirical evaluation of political-economy theories has, unfortunately, lagged somewhat that of the standard...

Persistent link: https://www.econbiz.de/10014220978

The 'New Political Economy' : Two Recent Books

Saint-Paul, Gilles - 2000

Persistent link: https://www.econbiz.de/10014155021

A Dynamic Definition of the Structural Budget Deficit

Larson, Sven R. - 2014

The debate over legal requirements of a balanced federal budget has gained new life. A requirement would have strong implications for future fiscal policy. Done right, a requirement will allow Congress to combine a balanced budget with policy goals such as growth and full employment. Done wrong,...

Persistent link: https://www.econbiz.de/10013040528

Federalism, Fiscal Space, and Public Investment Spending : Do Fiscal Rules Impose Hard Budget Constraints?

Chakraborty, Pinaki - 2016

The primary objective of rule-based fiscal legislation at the subnational level in India is to achieve debt sustainability by placing a ceiling on borrowing and the use of borrowed resources for public capital investment by phasing out deficits in the budget revenue account. This paper examines...

Persistent link: https://www.econbiz.de/10012984388