This paper formalizes the link among electoral uncertainty, fiscal policy and economic growth. The setup is a dynamic general equilibrium model of optimal growth and fiscal policy, in which fiscal policy is endogenized through a game between two political parties that can alternate in power.

This paper reviews recent theories that address cooperation and coordination issues in the conduct of fiscal policy in an economic union. This is done by discussing these issues in a complete, logically consistent framework that connects the various problems concerning fiscal policy in an...

The answer to this question is "yes". We examine noncooperative and cooperative equilibria under perfect capital mobility. To this end, we develop a two-country optimal growth model with endogenous national fiscal policies. The channel for interdependence is distortionary income taxes.

This paper presents a two-party dynamic model of optimal fiscal policy which integrates stabilizing electroral and partisan motives.

This paper considers the efficiency and distributional effects of partial shifts away from the destination principle where, as in the case of the European VAT, only trade by some traders is charged at the origin country's tax rate, while trade by others bears the destination country's tax rate.

A model of optimal car replacement is developed and used to examine the impact of alternative policy measures on the optimal car replacement time and on total emissions of pollutants, when environment policy takes the form of: (i) reduced taxes on purchaso of "clean" cars, (ii) administrative...

In this paper we examine the past performance of the Greek economy in some detail, and we try to provide a few answers to the question of why growth slowed so dramatically.

The Envelope Theorem is shown to involve comparaisons between the performance of the optimal policy and that of alternative policies, which satisfy the constraints of the problem and may also have other features.

This paper provides a unifying framework in which identified offset and sterilisation equations can be derived and estimated. The theoretical model suggests that, in the case where the central bank cares about bouth external and internal goals and capital is less than perfectly mobile, there...

The paper emphasizes the importance of the qualitative element in the behavior of business firms Qualitative effects generated by suitable interpersonal relations can stimulate the state of operations of an organization, beyond the limits often prescribed by fundamental quantitative variables.