We evaluate the role of taxes on trade in the development of imperial Britain's fiscal-military state. Influential work …

economy trilemma between capital mobility, democracy and sovereignty; 4. The Financial stability trilemma between capital …

between macroeconomic stabilization and trade liberalization programs undertaken in the region since the early 1980s. The … exchange rates during the stabilization programs and its relationship with trade reforms …

challenges associated with terms of trade and financial shocks. We confirm that active international reserves management reduces … the effects of transitory Commodity Terms of Trade (CTOT) shocks to the real exchange rate [REER] and the real GDP in … relatively high levels of external debt and in economies that are less open to trade. Fixed exchange regimes act as a substitute …

In this paper we collect detailed information on the budget institutions of Latin American countries. We classify these …

By discussing the available theoretical and empirical literature, this paper argues that budget procedures and budget … institutions do influence budget outcomes. Budget institutions include both procedural rules and balanced budget laws. We …

Using data on U.S. state and federal taxes and transfers over a quarter century, we estimate a regression model that … based on exposure to international trade shocks, international commodity price shocks and national industry demand shocks … and then falls for higher income quintiles, consistent with median voter political economy theory and what Stigler called …