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This article studies the equivalence between labor and consumption taxes in a stochastic context, where the government can undertake an active portfolio management strategy by investing in both risk-free and risky assets. Using a two-period model we show that such taxes let consumers make the...
Persistent link: https://www.econbiz.de/10003820652
Can right-wing terrorism increase support for far-right populist parties, and if so, why? Exploiting quasi-random variation between successful and failed attacks across German municipalities, we find that successful attacks lead to significant increases in the vote share for the right-wing,...
Persistent link: https://www.econbiz.de/10014364725
This paper explores whether professional macroeconomic forecasters manipulate their forecasts to influence voting …
Persistent link: https://www.econbiz.de/10014583811
on the EU policies has nevertheless been limited. This is due not only to the arcane voting rules within the EU, but also …, however, they have to coordinate their voting and become a more coherent voting group than they are now. -- European Union … ; voting system ; European council ; new member states …
Persistent link: https://www.econbiz.de/10003790698
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Persistent link: https://www.econbiz.de/10003496578
This paper provides a positive analysis of public provision of excludable public goods financed by uniform taxes or fees. Individuals differing in preferences decide using majority-rule the provision level and financing instrument. The median preference individual is the decisive voter in a tax...
Persistent link: https://www.econbiz.de/10011399681
This paper considers the implications of an important cognitive bias in information processing, confirmation bias, in a political agency setting. In the baseline two-period case where only the politician's actions are observable before the election, we show that when voters have this bias, it...
Persistent link: https://www.econbiz.de/10011286492
majority voting. Individuals vote according to their misperceived utility function. Consequently, excessive fat consumption is …
Persistent link: https://www.econbiz.de/10011343082
Bailouts sponsored by the International Monetary Fund (IMF) are famous for their conditionality: in return for continued installments of desperately needed loans, governments must comply with austere policy changes. Many have suggested, however, that politically important countries face rather...
Persistent link: https://www.econbiz.de/10009765008