ARTICLE IN PRESS
The Political Economy of Government
Debt
A.
*
Alesina*,, A. Passalacqua*
Harvard University, Cambridge, MA, United States
IGIER, Bocconi University, Milan, Italy
Contents
1. Introduction 2606
2. Optimal Debt Policies: A Brief Review 2608
2.1 Tax Smoothing 2608
2.2 Keynesian Stabilization 2609
2.3 Contingent Debt 2610
2.4 ...


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