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Economic Risk and Political Risk in Fiscal Unions

Alesina, Alberto F.; Perotti, Roberto - 2021

A fiscal program that redistributes income from rich to poor individuals indirectly redistributes tax revenues from regions hit by a favorable shock to regions hit by an unfavorable one. Centralized fiscal redistribution has therefore been advocated as a way to insure individuals against...

Persistent link: https://www.econbiz.de/10013215334

The Effects of Fiscal Consolidations : Theory and Evidence

Alesina, Alberto F. - 2017

We investigate the macroeconomic effects of fiscal consolidations based upon government spending cuts, transfers cuts and tax hikes. We extend a narrative dataset of fiscal consolidations, with details on over 3500 measures for 16 OECD countries. We show that government spending cuts and cuts in...

Persistent link: https://www.econbiz.de/10012956924

Fiscal Policy, Profits, and Investment

Alesina, Alberto F.; Ardagna, Silvia; Perotti, Roberto; … - 2021

This paper evaluates the effects of fiscal policy on investment using a panel of OECD countries. In particular, we investigate how different types of fiscal policy affect profits and , as a result, investment. We find a sizable negative effect of public spending -- and in particular of its...

Persistent link: https://www.econbiz.de/10013240622

Economic Integration and Political Disintegration

Alesina, Alberto F.; Spolaore, Enrico; Wacziarg, Romain T. - 2022

Trade liberalization and political separatism go hand in hand. In a world of trade restrictions, large countries enjoy economic benefits because political boundaries determine the size of the market. In a world of free trade and global markets even relatively small cultural, linguistic or ethnic...

Persistent link: https://www.econbiz.de/10013322303

Organized Crime, Violence, and Politics

Alesina, Alberto F. - 2016

We investigate how criminal organizations strategically use violence to influence elections in order to get captured politicians elected. The model offers novel testable implications about the use of pre-electoral violence under different types of electoral systems and different degrees of...

Persistent link: https://www.econbiz.de/10012996383

The Euro and Structural Reforms

Alesina, Alberto F. - 2010

This paper investigates whether or not the adoption of the Euro has facilitated the introduction of structural reforms … theoretical arguments that may link the adoption of the Euro and structural reforms, we investigate the empirical evidence. We … find that the adoption of the Euro has been associated with an acceleration of the pace of structural reforms in the …

Persistent link: https://www.econbiz.de/10012758159