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About the economic psychology of public debt

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Published in: Intereconomics 54(2019), 5 vom: Sept., Seite 297-303
Authors and Corporations: Döring, Thomas (Author), Oehmke, Ruven D. (Author)
Other Authors: Oehmke, Ruven D. [Author]
Type of Resource: E-Book Component Part
Language: English
Series: Intereconomics, 54(2019), 5 vom: Sept., Seite 297-303
Source: Verbunddaten SWB
Lizenzfreie Online-Ressourcen
ISSN: 1613-964X
Summary: Among the various means of public financing, public debt is a significant as well as controversial instrument. Previous economic research has mainly focused on different politico-economic explanations for the continuous increase in public debt in many countries during the last decades. However, economic research has not conclusively answered why the excessive increase in public debt is so rarely challenged by citizens and politicians despite the resulting budgetary burden. The answer to this question lies to some degree in economic psychology and the findings of behavioural economics.
ISSN: 1613-964X
DOI: 10.1007/s10272-019-0842-z