Browsing by Subject "O23"

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Public investment under ethnic diversity and political uncertainty

Bohn, Frank (University College Dublin. School of Economics, 2005-01)

This paper addresses the puzzle that public services in some developing countries, especially in Africa, are poor despite large public expenditure. The intertemporal model here studies a government’s optimal choice between ...
The trade-off between monetary and fiscal solidity : international lenders and political instability

Bohn, Frank (University College Dublin. School of Economics, 2004-05)

This paper analysis the intertemporal public finance decision under political instability. The government’s choice between inflationary finance and foreign debt is constrained by an interest rate, which is affected both ...