Beliefs about public debt and the demand for government spending

Roth, Christopher; Settele, Sonja; Wohlfart, Johannes

doi:10.1016/j.jeconom.2020.09.011

Cited by 40 publications

(33 citation statements)

References 66 publications

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“…This finding suggests valuable policy implications regarding the optimization of economic and environmental objectives. Alternatively, a derivative of public debt, that is, beliefs about public debt, can reliably explain the demand for government spending (Roth et al, 2022). Overall, these studies provide sufficient evidence on how public debt affects various factors of an economy, revealing multiple perspective of this fiscal tool.…”

Section: Literature Reviewmentioning

confidence: 84%

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Debt to the Penny and US Dollar Index: a lead-lag relationship of the US economy under impacts of the Covid-19 outbreak

Bao

Phan

2023

IJSE

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PurposeThis study investigates the interactions between the US daily public debt and currency power under impacts of the Covid-19 crisis.Design/methodology/approachThe authors employ the multivariate generalized autoregressive conditional heteroskedasticity (MGARCH) modeling to explore the interactions between daily changes in the US Debt to the Penny and the US Dollar Index. The data sets are from April 01, 1993, to May 27, 2022, in which noticeable points include the Covid-19 outbreak (January 01, 2020) and the US vaccination campaign commencement (December 14, 2020).FindingsThe authors find that the daily change in public debt positively affects the USD index return, and the past performance of currency power significantly mitigates the Debt to the Penny. Due to the Covid-19 outbreak, the impact of public debt on currency power becomes negative. This effect remains unchanged after the pandemic. These findings indicate that policy-makers could feasibly obtain both the budget stability and currency power objectives in pursuit of either public debt sustainability or power of currency. However, such policies should be considered that public debt could be a negative influencer during crisis periods.Originality/valueThe authors propose a pioneering approach to explore the relationship between leading and lagging indicators of an economy as characterized by their daily data sets. In accordance, empirical findings of this study inspire future research in relation to public debt and its connections with several economic indicators.Peer reviewThe peer review history for this article is available at: https://publons.com/publon/10.1108/IJSE-08-2022-0581

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Section: Literature Reviewmentioning

confidence: 84%

Section: Literature Reviewmentioning

confidence: 99%

Debt to the Penny and US Dollar Index: a lead-lag relationship of the US economy under impacts of the Covid-19 outbreak

Bao

Phan

2023

IJSE

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“…Our study also adds to the growing economics literature that uses survey experiments to study how information affects public policy preferences in various policy areas (see Haaland et al (2021) for a review). Examples include Cruces et al (2013), Alesina et al (2018), andFehr et al (2022) on preferences towards redistribution, Bursztyn (2016) and Lergetporer et al (2018) on education policy preferences, Haaland and Roth (2020) on attitudes towards immigration, or Blesse and Heinemann (2020) and Roth et al (2022) on preferences towards state mergers and public debt. We extend this literature by conducting parallel factual-information experiments with citizens and politicians and compare how both groups react to factual educational-performance information.…”

Section: Literature Contributionsmentioning

confidence: 99%

Transparency and Policy Competition: Experimental Evidence from German Citizens and Politicians

et al. 2023

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“…Die Folgen von wirtschaftlicher (Un-)Informiertheit werden zunehmend in Umfrageexperimenten nachgewiesen. Roth et al (2021) zeigen zum Beispiel, wie sich die Wahrnehmung der staatlichen Budgetrestriktion auswirkt. Personen, die den öffentlichen Schuldenstand unter-/überschätzen, unterstützen höhere/niedrigere Staatsausgaben, da sie jeweils den Finanzierungsspielraum des Staates über-/ unterschätzen.…”

Section: Informationen Und Wirtschaftspolitische Präferenzenunclassified

Ökonomische Desinformation — Ursachen und Handlungsempfehlungen

2021

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ZusammenfassungIn einer Demokratie ist eine gut informierte Bevölkerung besonders wichtig. In den Perils-of-Perception-Studien wird untersucht, wie gut die deutsche Bevölkerung über wirtschaftliche Fakten informiert ist. Dabei sind die Fehlwahrnehmungen groß und Deutschland rangiert im Mittelfeld der fortgeschrittenen Volkswirtschaften. Es gibt verschiedene mögliche Erklärungen für das relativ geringe Faktenwissen der deutschen Gesellschaft. Daraus lassen sich Maßnahmen entwickeln, die dazu beitragen können, den wirtschaftlichen Informationsstand zu verbessern. Diese Maßnahmen richten sich an verschiedene Beteiligte, wie politische Entscheidungsträger:innen, die Medien und die akademische Gemeinschaft.

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Beliefs about public debt and the demand for government spending

Cited by 40 publications

References 66 publications

Debt to the Penny and US Dollar Index: a lead-lag relationship of the US economy under impacts of the Covid-19 outbreak

Debt to the Penny and US Dollar Index: a lead-lag relationship of the US economy under impacts of the Covid-19 outbreak

Transparency and Policy Competition: Experimental Evidence from German Citizens and Politicians

Ökonomische Desinformation — Ursachen und Handlungsempfehlungen

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