Fragmented Politics and Public Debt.

Fragmented Politics and Public Debt.

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Bibliographic Details
Author / Creator:	Crivelli, Ernesto.
Imprint:	Washington, D.C., UNITED STATES : INTERNATIONAL MONETARY FUND, 2016.
Description:	1 online resource (32)
Language:	English
Series:	IMF Working Papers.
Subject:	Debts, Public -- Econometric models. Debts, Public -- Econometric models.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12507621

Hidden Bibliographic Details
ISBN:	1475538162 1475537026 9781475537024 9781475538168
Notes:	Print version record.
Summary:	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.
Other form:	Print version: Crivelli, Ernesto. Fragmented Politics and Public Debt. Washington, D.C. : International Monetary Fund,2016 9781475537024
Standard no.:	10.5089/9781475537024.001

Table of Contents:

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.