13min chapter

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Should Experts Set The Fiscal Rules?

UCL Uncovering Politics

CHAPTER

The Complex Dynamics of Public Debt and Political Decision-Making

This chapter dissects the intricate relationship between public debt trends and politicians' incentives, exploring the impact on market stability and future governance. It delves into theories on why politicians may borrow beyond rational limits, considering factors like voter appeal and long-term consequences. The conversation also delves into the debate around expert-driven policymaking versus political decisions in shaping fiscal policies.

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