Economists are widely familiar with the Ricardian equivalence thesis. It maintains that, given the time-path of government spending, a change in taxation does not alter the set of feasible life-time consumption plans of the households and affects neither the demand for commodities and services...

This note identifies a severe mistake in my article “Unexpected Consequences of Ricardian Expectations” that appeard in this journal in the July 2013 issue.

Economists are widely familiar with the Ricardian equivalence thesis. It maintains that, given the time-path of government spending, a change in taxation does not alter the set of feasible life-time consumption plans of the households and affects neither the demand for commodities and services...

The question to what extent corruption influences suicide remains still unanswered. This paper examines the effect of corruption on suicide using a panel data approach for 24 OECD countries over the period 1995-2004. Our results show that suicide rates are lower in countries with lower levels of...

This note generalizes Feldstein’s (1976) criticism of Barro’s(1974) analysis for the case that the interest rate exceeds the growth rate. This is done by considering an economy in steady state where all agents hold “Barro expectations”: they believe that government debt must necessarily...

A growing number of studies have explored the influence of institution on the outcomes of disasters and accidents from the viewpoint of political economy. This paper focuses on the probability of the occurrence of disasters rather than disaster outcomes. Using panel data from 98 countries, this...

Economists are widely familiar with the Ricardian equivalence thesis. It maintains that, given the time-path of government spending, a change in taxation does not alter the set of feasible life-time consumption plans of the households and affects neither the demand for commodities and services...

The question to what extent corruption influences suicide remains still unanswered. This paper examines the effect of corruption on suicide using a panel data approach for 24 OECD countries over the period 1995-1999. Our results indicate suicide rates are lower in countries with lower levels of...

Japan’s 2011 natural disasters were accompanied by a devastating nuclear disaster in Fukushima. This paper used cross-country data obtained immediately after the Japanese disaster to explore how, and the extent to which, corruption affects the perception of citizens regarding the risk of...

A growing number of works have explored the influence of institution on the outcomes of disasters and accidents from the viewpoint of political economy. This paper focuses on the probability of the occurrence of disasters rather than disaster outcomes. Using panel data from 98 countries, this...