期刊名称：Discussion Papers in Economics / Department of Economics, University of York
出版年度：2014
卷号：2014
出版社：University of York
摘要：When voters discount the future there is pressure on governments to increase debt. Governments are more able to resist this temptation if voters are polarized ideologically. Policy contrasts starkly with models of ‘strategic debt’ wherein debt is predicted to increase with polarization. Using time-varying polarization measures generated from ideology data from party manifestos we …find a sizable and statistically significant negative association between ideological polarization and debt levels in OECD countries.
