governments. We provide empirical estimates of the effect of fiscal rules on fiscal balance, government spending and government …

specific panel unit root test to investigate the mean-reverting behaviour of general government expenditures and revenues …-sectional dependencies of the regression error. Thirdly, we check for a structural long-run equation between general government expenditures …

We document that trust in public institutions — and particularly trust in banks, business and government — has declined … the most suffered the biggest loss in confidence in institutions, particularly in trust in government and the financial …

We present a theory to explain government procrastination as a consequence of its present-bias resulting from the … theory predicts that a government with a more strongly predominant party tends to procrastinate less …

government is interpreted as the reaction of voters to a systematic control problem. Voters realize that term-limited executives … government control voters force a lame duck to compromise on policies with an opposing legislature. Based on data from the US … states, I present evidence showing that the probability of divided government is about 8 to 10 percent higher when governors …