a reduction in defense expenditures. He shows that use of the dividend to reduce capital taxes causes consumption to … directions, but whether output rises or falls is uncertain. Using the peace dividend to increase public investment will also …

This paper studies the effects of asymmetries in re-election probabilities across parties on public policy and its … subsequent propagation to the economy. The struggle between opposing groups — that disagree on the composition of public … overspending on public goods arise, as resources are more valuable when in power. Because the party enjoying an electoral advantage …

Public Expenditures, Growth, and Poverty assesses the efficacy of poverty reduction programs in Latin America, Africa … generating short-run income effects. The book develops a conceptual framework for analyzing public expenditures and their short … safety net programs and a chapter devoted solely to the vexing poverty in sub-Saharan Africa, Public Expenditures, Growth …

Aid is said to be fungible at the aggregate level if it raises government expenditures by less than the total amount …