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Political Economy of Climate Change Adaptation - Loss of Habitat and Rising Inequality

van der Straten, Yasmine; Perotti, Enrico; van der … - 2024

We study the evolution of voter support for climate policies aimed at containing the effect of climate risk, as weather conditions worsens at a time of rising economic inequality. Households differ in age, beliefs and income, and the scale of intervention to preserve habitable land reflects the...

Persistent link: https://www.econbiz.de/10014534285

The welfare state redistribution and the economy : reciprocal altruism, consumer rivalry and second best

van der Ploeg, Frederick - 2004

induce political support for high tax rates and generous welfare states. Traditional wisdom is that such policies harm the … economy, but there is not much evidence that countries with a large welfare state and substantial redistribution have worse … economic performance and welfare. One important reason is that governments have been careful to invoke the principles of …

Persistent link: https://www.econbiz.de/10010261225

Back to Keynes?

van der Ploeg, Frederick - 2005

After a brief review of classical, Keynesian, New Classical and New Keynesian theories of macroeconomic policy, we assess whether New Keynesian Economics captures the quintessential features stressed by J.M. Keynes. Particular attention is paid to Keynesian features omitted in New Keynesian...

Persistent link: https://www.econbiz.de/10010261154

The making of cultural policy : a European perspective

van der Ploeg, Frederick - 2005

No good comparable data on sizes of cultural sectors of the countries of Europe exist. Still, local and national governments of Europe spend substantial resources on culture and cultural sectors contribute significantly to employment and national income. After briefly describing special features...

Persistent link: https://www.econbiz.de/10010261319

Rapacious resource depletion, excessive investment and insecure property rights

van der Ploeg, Frederick - 2010

rule. The power struggle boosts output but depresses aggregate consumption and welfare, especially in highly fractionalized … using market prices over-estimate welfare-based measures of genuine saving. …

Persistent link: https://www.econbiz.de/10010270457

Aggressive oil extraction and precautionary saving: Coping with volatility

van der Ploeg, Frederick - 2010

The effects of stochastic oil demand on optimal oil extraction paths and tax, spending and government debt policies are analyzed when the oil demand schedule is linear and preferences quadratic. Without prudence, optimal oil extraction is governed by the Hotelling rule and optimal budgetary...

Persistent link: https://www.econbiz.de/10010270525

Fiscal policy and Dutch disease

van der Ploeg, Frederick - 2011

In this paper we revisit the Dutch disease paying particular attention to the role of specific factors of production and capital stock dynamics. The main insight is that if the natural resource rich windfall is substantial but not large enough for the country to become a rentier, capital goods...

Persistent link: https://www.econbiz.de/10010274754

War and natural resource exploitation

van der Ploeg, Frederick; Rohner, Dominic - 2010

Although the relationship between natural resources and civil war has received much attention, little is known about the underlying mechanisms. Controversies and contradictions in the stylized facts persist because resource extraction is treated as exogenous while in reality fighting affects...

Persistent link: https://www.econbiz.de/10010274999

Prudent budgetary policy: political economy of precautionary taxation

van der Ploeg, Frederick - 2007

The theory of tax smoothing and determination of public debt with uncertain future national income is extended for prudence. A prudent government deliberately underestimates future national income and the tax base, especially if the variance and persistence of shocks hitting the tax base are...

Persistent link: https://www.econbiz.de/10010276208

Harnessing windfall revenues: optimal policies for resource-rich developing economies

van der Ploeg, Frederick; Venables, Anthony J. - 2009

A windfall of natural resource revenue (or foreign aid) faces government with choices of how to manage public debt, investment, and the distribution of funds for consumption, particularly if the windfall is both anticipated and temporary. We show that the permanent income hypothesis prescription...

Persistent link: https://www.econbiz.de/10010276227