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Persistent link: https://www.econbiz.de/10013438459
The wage paid to politicians affects both the choice of citizens to run for an elective office and the performance of those who are appointed. First, if skilled individuals shy away from politics because of higher opportunities in the private sector, an increase in politicians’ pay may change...
Persistent link: https://www.econbiz.de/10014197158
The wage paid to politicians affects both the choice of citizens to run for an elective office and the performance of those who are appointed. First, if skilled individuals shy away from politics because of higher opportunities in the private sector, an increase in politicians' pay may change...
Persistent link: https://www.econbiz.de/10013155590
The wage paid to politicians affects both the choice of citizens to run for an elective office and the performance of those who are appointed. First, if skilled individuals shy away from politics because of higher opportunities in the private sector, an increase in politicians' pay may change...
Persistent link: https://www.econbiz.de/10003896409
Persistent link: https://www.econbiz.de/10009752090
Persistent link: https://www.econbiz.de/10003913535
Persistent link: https://www.econbiz.de/10011523506
Fiscal rules are laws aimed at reducing the incentive to accumulate debt, and many countries adopt them to discipline local governments. Yet, their effectiveness is disputed because of commitment and enforcement problems. We study their impact applying a quasi-experimental design in Italy. In...
Persistent link: https://www.econbiz.de/10013037954
This paper offers a formal analysis of the relationship between changes in government primary balance and debt-to-GDP ratio. it establishes the conditions under which a fiscal consolidation increases - instead of decreasing - the stock of government liabilities relative to aggregate output. A...
Persistent link: https://www.econbiz.de/10011730412
The need of fiscal consolidation is likely to dominate the policy agenda in the next decade; starting from statistical evidence on the conduct of fiscal policy in the EMU area over the last decade, this paper addresses the optimality of alternative fiscal consolidation strategies. We explore the...
Persistent link: https://www.econbiz.de/10013135512