Does a Clarke-Groves type tax prevent free riding when implementing Eurobonds?
Purpose – The purpose of this paper is to propose a Clarke-Groves Tax (CGT) type as a remedy to the criticism that the implementation of Eurobonds has raised regarding the risk of undermining fiscal discipline. In this model, a government minimizes its sovereign debt-to-GDP ratio in a given period a...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Emerald Publishing
2021-08-01
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| Series: | Applied Economic Analysis |
| Subjects: | |
| Online Access: | https://www.emerald.com/insight/content/doi/10.1108/AEA-03-2020-0020/full/pdf |