Voting on the budget deficit

This paper analyzes a model in which a group of rational individuals votes over the composition and time profile of public spending. All voters agree that a balanced budget is ex ante optimal. However, if there is disagreement between current and future majorities, a balanced budget is not a politic...

Full description

Bibliographic Details
Main Authors: Tabellini, Guido, Alesina, Alberto
Format: Book
Published: Nashville American Economic Association March 1990
Series:American Economic Review n. 1
Subjects: