portraying public policy as the equilibrium outcome of an explicitly specified political process. We divide the material into …, focusing on their implications for rent extraction by politicians, redistribution and public goods provision …

We study a fiscal policy model in which the government is present-biased towards public spending. Society chooses a …

patronage for public finances. Our data consist of the universe of public sector employees merged with their party affiliations …. The short-term patronage effect is large, with winning political coalitions increasing their shares of public sector … the dramatic increase in public sector political employment since the Brazilian re-democratization …

impact, both, current local public resources through reducing tax revenues and expenditures, as well as future local public …% decline in expenditures on important public goods and services and a significant increase in the risk of default on municipal …

We explore the role of government in the nexus of finance and trade starting from the earliest days of organised … finance in England and then broadening the analysis to 84 countries from 1960 to 2004. For 18th century England, we find that …

We develop a method for identifying and quantifying the fiscal channels that help finance government spending shocks …

concerning public debt and deficits in India, the background and basic arithmetic of the Fiscal Responsibility and Budget … government. Finally, the recommendations of the 13th Finance Commission regarding a roadmap for fiscal consolidation are examined …