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Political Economy of Public Deficit: Perspectives for Constitutional Reform

The paper uses a dynamic inconsistency model known from monetary policy to assess three alternative proposals how to reform fiscal constitution in order to limit government’s incentive to use fiscal policy for maximizing political support.

Link http://ies.fsv.cuni.cz/st…ation/687_wp_98_gersl.pdf
Author Gerl, A
Date 2005
Institute Institute of Economic Studies
Tags public, deficit, fiscal, policy

See also

  1. Fiscal Policy in New EU Member States – Go East Prudent Man
  2. Does the EU need a Better Fiscal Pact
  3. Fiscal Policy: Too Political
  4. Present and Future Challenges for Czech Fiscal Policy
  5. Fiscal Policy and Fiscal Rules in the European Union

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