Metadata only
Author
Date
2010-11-14Type
- Other Publication
ETH Bibliography
yes
Altmetrics
Abstract
How can excessive public debt be avoided? This column proposes a novel solution: “vote-share bonds”. These government bonds are tied to the share of the vote that the adoption of the underlying deficit has received in parliament. A bond with a higher vote-share is considered senior. Vote-share bonds inspire fiscal responsibility, while retaining the flexibility to stabilise negative macroeconomic shocks. Show more
Publication status
publishedExternal links
Journal / series
VOX CEPR's Policy PortalPublisher
Centre for Economic Policy ResearchOrganisational unit
03729 - Gersbach, Hans / Gersbach, Hans
More
Show all metadata
ETH Bibliography
yes
Altmetrics