(Wydział Prawa i Administracji UAM, 2007) Babczuk, Arkadiusz
The paper presents models o f public debt where their level and dynamics is related to different
national political institutions. These institutions may influence public choices of political
decision-makers and the character o f their interactions. Differences between national political
institutions in different countries may explain cross-country differences in budget deficits and public
debt. The paper surveys a number of models, including models of fragmented governments, the
common pool model, or model of geographically dispersed interests.