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How Does the U.S. Government Finance Fiscal Shocks?
Berndt, Antje - 2010
We develop a method for identifying and quantifying the fiscal channels that help finance government spending shocks. We define fiscal shocks as surprises in defense spending and show that they are more precisely identified when defense stock data are used in addition to aggregate macroeconomic...
Persistent link: https://www.econbiz.de/10013137024
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Reforming Budgetary Language
Bradford, David F. - 2021
In the context of several examples of problems associated with present budgetary conventions, I revisit Musgrave's conceptual division of the government's program into Allocation, Distribution and Stabilization Branch subbudgets. I suggest progress towards Musgrave's ideal of a more informative...
Persistent link: https://www.econbiz.de/10013237545
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Backlash in Policy Attitudes after the Election of Extreme Political Parties
Carlsson, Magnus - 2015
and one from the far left, using panel data from 290 municipal election districts. To identify causal effects, we compare …
Persistent link: https://www.econbiz.de/10013024859
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Party Discipline and Pork Barrel Politics
Grossman, Gene M.; Helpman, Elhanan - 2021
Polities differ in the extent to which political parties can pre-commit to carry out promised policy actions if they take power. Commitment problems may arise due to a divergence between the ex ante incentives facing national parties that seek to capture control of the legislature and the ex...
Persistent link: https://www.econbiz.de/10013246299
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Strict Voter Identification Laws, Turnout, and Election Outcomes
Hoekstra, Mark - 2019
can affect voter turnout and election outcomes. We do so using historical data on more than 2,000 races in Florida and … small effect on turnout. Similarly, we also show under a range of conservative assumptions that very few election results … or critics were true, strict identification laws are unlikely to have a meaningful impact on turnout or election outcomes …
Persistent link: https://www.econbiz.de/10012863693
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Understanding the Success of the Know-Nothing Party
Alsan, Marcella; Eriksson, Katherine; Niemesh, Gregory - 2022
We study the contribution of economic conditions to the success of the first avowedly nativist political party in the United States. The Know-Nothing Party gained control of a number of state governments in the 1854-1856 elections running on a staunchly anti-Catholic and anti-Irish platform. Our...
Persistent link: https://www.econbiz.de/10014090777
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Federal Budget Rules : The Us Experience
Auerbach, Alan J. - 2010
Like many other developed economies, the United States has imposed fiscal rules in attempting to impose a degree of fiscal discipline on the political process of budget determination. The federal government has operated under a series of budget control regimes that have been complex in nature...
Persistent link: https://www.econbiz.de/10012758451
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Australian Government Balance Sheet Management
Au-Yeung, Wilson - 2010
Since almost eliminating net debt, the Australian Government%u2019s attention has turned to the financing of broader balance sheet liabilities, such as public sector superannuation. Australia will be developing a significant financial asset portfolio in the %u2018Future Fund%u2019 to smooth the...
Persistent link: https://www.econbiz.de/10012761284
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States in Fiscal Distress
Inman, Robert P. - 2010
The 2007-2010 recession has imposed significant fiscal hardships on state and local governments. The result has been state deficits and the need to increase state taxes, cut spending, and withdraw funds from state rainy day accounts. The primary cause of state budget "gaps" has been the rise in...
Persistent link: https://www.econbiz.de/10013142093
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How Do Electoral Rules Shape Party Structures, Government Coalitions, and Economic Policies?
Persson, Torsten; Roland, Gérard; Tabellini, Guido - 2021
We present a theoretical model of a parliamentary democracy, where party structures, government coalitions and fiscal policies are endogenously determined. The model predicts that, relative to proportional elections, majoritarian elections reduce government spending because they reduce party...
Persistent link: https://www.econbiz.de/10013232027