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Persson, Torsten - 1999

political mechanisms: we study legislative bargaining, lobbying, and electoral competition, as well as the possible interactions …

Persistent link: https://www.econbiz.de/10012471701

Democracy and Development : The Devil in the Details

Persson, Torsten - 2006

Does democracy promote economic development? We review recent attempts to address this question, which exploit the within-country variation associated with historical transitions in and out of democracy. The answer is positive, but depends -- in a subtle way -- on the details of democratic...

Persistent link: https://www.econbiz.de/10012466677

Lobbying and Legislative Bargaining

Helpman, Elhanan - 1998

We examine the effects of the interaction between lobbying and legislative bargaining on policy formation. Two systems … policies generated are not intermediate between policies that would result from pure lobbying or from pure legislative … contributions are very small, despite the fact that lobbying has a marked effect on policies …

Persistent link: https://www.econbiz.de/10012472221

Democracy and development : the devil in the details

Persson, Torsten; Tabellini, Guido - 2006

Does democracy promote economic development? This paper reviews recent attempts to address this question that exploited within-country variation. It shows that the answer is largely positive, but also depends on the details of democratic reforms. First, the sequence of economic vs political...

Persistent link: https://www.econbiz.de/10010261420

Spend-and-tax : a panel data investigation for the EU

Afonso, António; Rault, Christophe - 2009

Using bootstrap panel analysis, allowing for cross-country correlation, without the need of pre-testing for unit roots, we study the causality between government spending and revenue for the EU in the period 1960-2006. We find spend-and-tax causality for Italy, France, Spain, Greece, and...

Persistent link: https://www.econbiz.de/10010276304

Does Government Spending Efficiency Improve Fiscal Sustainability?

Afonso, António; Alves, José - 2022

We evaluate the impact of government spending efficiency on fiscal sustainability for a panel of 35 OECD countries during the period of 2007-2020. To answer our research question we first compute the magnitude of the responses of government revenues to changes in government spending. Next, we...

Persistent link: https://www.econbiz.de/10013289691

Time Consistency of Fiscal and Monetary Policy : A Solution

Persson, Mats - 2005

This paper demonstrates how time consistency of the Ramsey policy - the optimal fiscal and monetary policy under commitment - can be achieved. Each government should leave its successor with a unique maturity structure for the nominal and indexed debt, such that the marginal benefit of a...

Persistent link: https://www.econbiz.de/10012467597

How Do Electoral Rules Shape Party Structures, Government Coalitions, and Economic Policies?

Persson, Torsten - 2003

We present a theoretical model of a parliamentary democracy, where party structures, government coalitions and fiscal policies are endogenously determined. The model predicts that, relative to proportional elections, majoritarian elections reduce government spending because they reduce party...

Persistent link: https://www.econbiz.de/10012468518

Consequences of Constitutions

Persson, Torsten - 2003

The paper presents empirical findings regarding the economic policy consequences of constitutional arrangements, in three different dimensions. First, the data are consistent with several theoretical predictions about the consequences of electoral rules and forms of government for fiscal policy...

Persistent link: https://www.econbiz.de/10012468524

Political Economics and Macroeconomic Policy

Persson, Torsten - 1997

This paper surveys the recent literature on the theory of macroeconomic policy. We study the effect of various incentive constraints on the policy making process, such as lack of credibility, political opportunism, political ideology, and divided government. The survey is organized in three...

Persistent link: https://www.econbiz.de/10012472486