Credibilidad, pérdida social y estancamiento económico: el caso de Puerto Rico

Credibility, Social Loss and Economic Stagnation: the Case of Puerto Rico

Carlos A. Rodríguez

MPRA Paper from University Library of Munich, Germany

Abstract: This work studies the significance of the social costs generated by the dynamic inconsistency of the decisions taken by the politicians in Puerto Rico. The dynamic inconsistency problem arises when the government makes sequential decisions that compromise its future actions. The same one affects the credibility of the governmental decisions and generates social costs. The social loss is analyzed by means of the deviations of the economic activity on its potential level, according to the theoretical model presented.

Keywords: Social loss; credibility; dynamic inconsistency; economic stagnation (search for similar items in EconPapers)
JEL-codes: C01 C02 E3 E31 (search for similar items in EconPapers)
Date: 2011
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Published in Revista de Ciencias Sociales 22.N/A(2011): pp. 1-19

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:41277

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