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041 _afre
042 _adc
100 1 0 _aBreuillé, Marie-Laure
_eauthor
700 1 0 _a Madiès, Thierry
_eauthor
700 1 0 _a Taugourdeau, Emmanuelle
_eauthor
245 0 0 _aA Model of Regional Debt with a Soft Budget Constraint
260 _c2006.
500 _a10
520 _aIn this article, we endogenously derive the soft budget constraint phenomenon in a federation when fiscal decisions are delegated to regions. In this framework, the softness of the regional budget constraint results from federal government cross-subsidization objective. We analyse the impact of the soft budget constraint on the borrowing opportunity cost. Classification JEL : E62; H7
786 0 _nRevue économique | 57 | 3 | 2006-06-01 | p. 553-561 | 0035-2764
856 4 1 _uhttps://shs.cairn.info/journal-revue-economique-2006-3-page-553?lang=en&redirect-ssocas=7080
999 _c545416
_d545416