| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP9203 |
| DP9203 Economic and Politico-Economic Equivalence | |
| Martín Gonzalez-Eiras | |
| 发表日期 | 2012-11-04 |
| 出版年 | 2012 |
| 语种 | 英语 |
| 摘要 | We extend "economic equivalence" results, like the Ricardian equivalence proposition, to the political sphere where policy is chosen sequentially. We derive conditions under which a policy regime (summarizing admissible policy choices in every period) and a state are "politico-economically equivalent" to another such pair, in the sense that both pairs give rise to the same equilibrium allocation. The equivalence conditions help to identify factors that render institutional change non-neutral. We exemplify their use in the context of several applications, relating to social security reform, tax-smoothing policies and measures to correct externalities. |
| 主题 | International Macroeconomics ; Public Economics |
| 关键词 | Equivalence Government debt Politico-economic equilibrium Social security reform Tax policy |
| URL | https://cepr.org/publications/dp9203 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/538037 |
| 推荐引用方式 GB/T 7714 | Martín Gonzalez-Eiras. DP9203 Economic and Politico-Economic Equivalence. 2012. |
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