Public Debt and the Political Economy of Reforms (Record no. 134174)

MARC details
000 -LEADER
fixed length control field 01335nam a2200217Ia 4500
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
fixed length control field 241008s9999||||xx |||||||||||||| ||und||
022 ## - INTERNATIONAL STANDARD SERIAL NUMBER
International Standard Serial Number 1945-7669
100 ## - MAIN ENTRY--PERSONAL NAME
Personal name Boyer, Pierre C.
9 (RLIN) 121925
245 #0 - TITLE STATEMENT
Title Public Debt and the Political Economy of Reforms
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Name of publisher, distributor, etc. American Economic Journal: Microeconomics
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Date of publication, distribution, etc. 2024
300 ## - PHYSICAL DESCRIPTION
Extent 459-491
520 ## - SUMMARY, ETC.
Abstract How do electoral incentives influence the choice to experiment with a policy reform that generates uncertain future benefits? To answer this question, we examine a two-period model of redistributive politics with uncertain policy outcomes involving a mixture of private and public benefits. In equilibrium, we find that the intertemporal trade-off between current policy costs and future benefits creates an incentive for politicians to use public debt to smooth spending across periods. The higher the share of policy benefits that are in the form of a public good, the higher the level of available debt-related spending on targeted policies that is necessary.
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Macroeconomics
9 (RLIN) 82965
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Political Processes
9 (RLIN) 11856
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Sovereign Debt
9 (RLIN) 121926
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Public Goods
700 ## - ADDED ENTRY--PERSONAL NAME
Personal name Esslinger, Christoph
9 (RLIN) 121927
700 ## - ADDED ENTRY--PERSONAL NAME
Personal name Roberson, Brian
9 (RLIN) 121928
856 ## - ELECTRONIC LOCATION AND ACCESS
Uniform Resource Identifier <a href="https://www.aeaweb.org/articles?id=10.1257/mic.20220238">https://www.aeaweb.org/articles?id=10.1257/mic.20220238</a>
999 ## - SYSTEM CONTROL NUMBERS (KOHA)
Koha biblionumber 134174
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        Dr VKRV Rao Library Dr VKRV Rao Library 08/10/2024 Vol. 16, No. 3   AI458 08/10/2024 08/10/2024 Article Index