We re-evaluate two forms of fiscal illusion in local public finance: debt illusion and renter illusion. The Ricardian … Equivalence Theorem for local governments suggests the form of finance of a public program (tax or debt finance) has no effects on …). In particular, whether or not renters are more likely to support public investments in general, the renter effect …

to make public finance field experiments more useful … field experiments in public economics. Two cross-cutting themes are important in multiple phases of the research. First …

tax and transfer systems rather than from the traditional sources: seignorage and real depreciation of the public debt …

Does taxation for public goods generally involve a distortionary cost? Are Pigouvian taxes desirable because they raise … revenue without having to resort to distortionary taxes? Should decisions concerning public goods or Pigouvian taxes depend on …

portraying public policy as the equilibrium outcome of an explicitly specified political process. We divide the material into …, focusing on their implications for rent extraction by politicians, redistribution and public goods provision …