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|a HJ8015.F734 2015
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|a Crivelli, Ernesto.
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1 |
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|a Fragmented Politics and Public Debt.
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| 260 |
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|a Washington, D.C., UNITED STATES :
|b INTERNATIONAL MONETARY FUND,
|c 2016.
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| 300 |
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|a 1 online resource (32)
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| 336 |
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|a text
|b txt
|2 rdacontent
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|a Cover; Fragmented Politics and Public Debt; 1. Introduction; 2. Literature Review; 3. Empirical Model and Data; 4. Main Results; 5. Robustness tests; 6. Concluding remarks and policy implications; Appendix 1. Countries in the Sample; Appendix 2. Other Results; References.
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|a In this paper, we study the impact of fragmented politics on public debt-in particular, between two consecutive legislative elections. Using data for 92 advanced and developing countries during 1975-2015, we find a positive association between political fragmentation and public debt changes. Corruption magnifies the effects; with higher perceived corruption, political fragmentation has a bigger sway on debt increases. The influence of political fragmentation on debt dynamics is somewhat asymmetric, with larger and more significant effects during periods of debt reduction. Establishment of fiscal councils helps attenuate the negative impact of political fragmentation on public debt dynamics.
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| 650 |
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0 |
|a Debts, Public
|x Econometric models.
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| 650 |
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6 |
|a Dettes publiques
|x Modèles économétriques.
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| 650 |
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7 |
|a Debts, Public
|x Econometric models.
|2 fast
|0 (OCoLC)fst00888859
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| 655 |
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4 |
|a Electronic books.
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0 |
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|i Print version:
|a Crivelli, Ernesto.
|t Fragmented Politics and Public Debt.
|d Washington, D.C. : International Monetary Fund,2016
|z 9781475537024
|
| 830 |
|
0 |
|a IMF Working Papers.
|
| 856 |
4 |
0 |
|u http://elibrary.imf.org/view/journals/001/2016/190/001.2016.issue-190-en.xml
|y INTERNATIONAL MONETARY FUND
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|t Library of Congress classification
|a HJ8015.F734 2015
|l Online
|c UC-FullText
|u http://elibrary.imf.org/view/journals/001/2016/190/001.2016.issue-190-en.xml
|z INTERNATIONAL MONETARY FUND
|g ebooks
|i 12152060
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