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This paper surveys the empirical research on fiscal institutions of the last three decades. The main results are: (i) Constitutional or statutory fiscal limitations have in most cases proved to be effective in cutting down public expenditure, revenue, and debt. (ii) Budgetary proce-dures matter...
Persistent link: https://www.econbiz.de/10011408436
This paper analyzes government commitments to ongoing spending programs that require future outlays. Spending commitments are important for understanding partisan politics because they constrain future governments. In a model with one government good, a "stubborn liberal" policy maker can use...
Persistent link: https://www.econbiz.de/10009127554
place? We develop a political economy theory of the endogenous emergence of fiscal crises, based on the idea that the …
Persistent link: https://www.econbiz.de/10011721727
I develop a political economy theory of dynamic fiscal competition via public spending and debt. With internationally …
Persistent link: https://www.econbiz.de/10011977194
We investigate the extent to which the intensity of political competition moderates the governance issues that arise in relation to Canada’s fiscal structure. By fiscal structure we mean three distinct but interrelated fiscal dimensions of the state: financial stability, long run size and...
Persistent link: https://www.econbiz.de/10011899070
Persistent link: https://www.econbiz.de/10003499703
We address the problem of how to investigate whether economics, or politics, or both, matter in the explanation of public policy. The problem is first posed in a particular context by uncovering a political business cycle (using Canadian data for 130 years) and by taking up the challenge to make...
Persistent link: https://www.econbiz.de/10003300956
In this paper, I analyze the voting outcomes of two very similar Swiss referendum ballots concerning the federal governmentś competency to levy income, capital and turnover taxes to find out how the enfranchisement of women influences public support for government spending. The first ballot...
Persistent link: https://www.econbiz.de/10010204664
According to a standard argument, higher income inequality fosters redistributive activities of the government in favor of the median income earner. This paper shows that if redistribution is achieved by a public provision of goods and services rather than by transfers, higher income inequality...
Persistent link: https://www.econbiz.de/10011409989
Almost all countries announced fiscal support programs once COVID-19 hit. However, there was significant diversity in the magnitude and composition of these fiscal stimulus programs. These differences were determined by myriad political, financial, social, and economic factors - these factors...
Persistent link: https://www.econbiz.de/10012628797