Dan Peled
Biographic Data
| ID | 5869025 |
|---|---|
| NAME | Dan Peled |
| GIVEN NAMES | Dan |
| FAMILY NAME | Peled |
| SIGNATURE | PELED D |
| AFFILIATIONS | University of Haifa |
| ORCID | 0000-0002-9762-0040 |
| VERIFIED | Yes |
| TOTAL WORKS | 5 |
| TOTAL CITATIONS | 0 |
| AUTHOR COUNT | 5 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 1987 |
| LATEST PUBLICATION YEAR | 2014 |
| H-INDEX | 0 |
Insulation Impossible
Insulation Impossible
This paper studies fiscal spillovers in a monetary union. The focus of the analysis is on the interaction between the fiscal policy of member countries (regions) and the central monetary authority. When capital markets are integrated, the fiscal policy of one country will influence equilibrium wages and interest rates. Thus there are fiscal spillovers within a federation. The magnitude and direction of these spillovers, in particular the presence…
Regional debt in monetary unions
Is It Is or Is It Ain't My Obligation? Regional Debt in a Fiscal Federation
This article studies the repayment of regional debt in a multiregion economy with a central authority: Who pays the obligation issued by a region? With commitment, the central government will use its economy‐wide taxation power in support of its objective to smooth distortionary taxes and consumption across regions. Absent commitment, this tool of the central government may be exploited to induce it to bail out regional government deficits. We ch…
Capital Accumulation and Annuities in an Adverse Selection Economy
This paper suggests that adverse selection problems in competitive annuity markets can generate quantity-constrained equilibria in which some agents, whose length of lifetime is uncertain, find it advantageous to accumulate capital privately. This occurs despite the higher rates of return on annuities. The welfare properties of these allocations are analyzed. It is shown that the level of capital accumulation is excessive in a Paretian sense. Pol…
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Capital Accumulation and Annuities in an Adverse Selection Economy
This paper suggests that adverse selection problems in competitive annuity markets can generate quantity-constrained equilibria in which some agents, whose length of lifetime is uncertain, find it advantageous to accumulate capital privately. This occurs despite the higher rates of return on annuities. The welfare properties of these allocations are analyzed. It is shown that the level of capital accumulation is excessive in a Paretian sense. Pol…
Is It Is or Is It Ain't My Obligation? Regional Debt in a Fiscal Federation
This article studies the repayment of regional debt in a multiregion economy with a central authority: Who pays the obligation issued by a region? With commitment, the central government will use its economy‐wide taxation power in support of its objective to smooth distortionary taxes and consumption across regions. Absent commitment, this tool of the central government may be exploited to induce it to bail out regional government deficits. We ch…
Insulation Impossible
This paper studies fiscal spillovers in a monetary union. The focus of the analysis is on the interaction between the fiscal policy of member countries (regions) and the central monetary authority. When capital markets are integrated, the fiscal policy of one country will influence equilibrium wages and interest rates. Thus there are fiscal spillovers within a federation. The magnitude and direction of these spillovers, in particular the presence…
Regional debt in monetary unions
Insulation Impossible
Economics (5 works) · Debt (4 works) · Macroeconomics (4 works) · Monetary economics (4 works) · Fiscal Policies and Political Economy (3 works) · Monetary policy (3 works) · Monetary Policy and Economic Impact (3 works) · Economic policy (2 works) · Economic theories and models (2 works) · Fiscal policy (2 works)