Reconsidering the fiscal role of government: the international perspective

Article Abstract:

Public spending among industrial nations over the period 1870 to 1990 reveals insights into the fiscal functions of government over the last century. Ideological forces that drive the government to expand their fiscal roles have diminished. Social and economic indicators reveal that higher public spending does not necessarily contribute to public welfare. Public spending in most industrial nations also surpassed the efficient level.

Public Finance Activities, Fiscal Policy, Economic policy, Industrialized countries, Government spending policy, Industrial nations

---

Servicing the public debt: the role of expectations: comment

Article Abstract:

The role of expectations is examined in terms of a 'good' equilibrium model for public debt management. In the model, equilibrium is defined by a low debt interest rate as investors expect minimal repudiation from a government which has no incentive for it. The integration of heterogeneity for nominal debt holdings generates conflict over government revenue. Under such conditions, equilibria is defined by agent wealth.

Public finance, National debt, Public debts, Repudiation (Finance)

---

Similar abstracts:

• Abstracts: Government tendering in Egypt: learning to deal with reality. Government procurement: growing social emphasis on direct contracting
• Abstracts: Corporate governance in banking - a case for tighter regulation? The cost of independent chairmen
• Abstracts: A market structure for an environment with heterogeneous job-matches, indivisible labor and persistent unemployment
• Abstracts: Distinguished lecture on economics in government: big bills left on the sidewalk: why some nations are rich, and others poor
• Abstracts: Unraveling in guessing games: an experimental study. Gender and culture: international experimental evidence from trust games

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.