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Political Economics and Public Finance
Persson, Torsten; Tabellini, Guido - 2021
Observed fiscal policy varies greatly across time and countries. How can we explain this variation across time and countries? This paper surveys the recent literature that has tried to answer this question. We adopt a unified approach in portraying public policy as the equilibrium outcome of an...
Persistent link: https://www.econbiz.de/10013226917
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Proprietary Public Finance, Political Competition, and Reputation
Grossman, Herschel I.; Noh, Suk Jae - 2021
theory of a proprietary fiscal authority whose objective is to extract rents for the political establishment, the proprietor …
Persistent link: https://www.econbiz.de/10013227894
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The Political Economy of Weak Treaties
Battaglini, Marco - 2016
puzzle in standard economic models. To study this phenomenon, we propose a positive theory of IEAs in which the political … (might not be implemented in full). The theory also provides a new perspective for understanding investments in green …
Persistent link: https://www.econbiz.de/10012976975
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Autocracy, Democracy and Trade Policy
Galiani, Sebastian - 2013
This paper develops a politico-economic model for use in studying the role of intra-elite conflict in the simultaneous determination of a country's political regime, trade policy and income-tax-based redistribution scheme. Three socioeconomic groups are involved: two elite groups and workers,...
Persistent link: https://www.econbiz.de/10013077661
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A Positive Theory of Fiscal Deficits and Government Debt in a Democracy
Alesina, Alberto F.; Tabellini, Guido - 2022
This paper considers an economy in which policymakers with different preferences concerning fiscal policy alternate in office as a result of democratic elections. It is shown that in this situation government debt becomes a strategic variable used by each policymaker to influence the choices of...
Persistent link: https://www.econbiz.de/10013323574
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Government Form and Public Spending : Theory and Evidence from U.S. Municipalities
Coate, Stephen - 2010
There are two main forms of government in U.S. cities: council-manager and mayor-council. This paper develops a theory … of fiscal policy determination under these two forms. The theory predicts that expected public spending will be lower … means that the theory is consistent with the co-existence of both government forms. Support for the former prediction is …
Persistent link: https://www.econbiz.de/10012757587
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Generational Accounting and Immigration in the United States
Auerbach, Alan J.; Oreopoulos, Philip - 2021
In recent years, the renewed strength of immigration to the United States has sparked a debate about the economic effects of immigration. A central issue in this debate has been the fiscal impact of immigrants. Most research in this area has adopted a static, cross-section approach in assessing...
Persistent link: https://www.econbiz.de/10013236689
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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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Methodological Frontiers of Public Finance Field Experiments
Kling, Jeffrey R. - 2010
The purpose of this article is to demonstrate how a rich array of methods can be applied to increase the relevance of field experiments in public economics. Two cross-cutting themes are important in multiple phases of the research. First, greater statistical sophistication can draw more value...
Persistent link: https://www.econbiz.de/10012760378
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Government Finance in the Wake of Currency Crises
Burnside, A. Craig - 2010
This paper addresses two questions: (i) how do governments actually pay for the fiscal costs associated with currency crises; and (ii) what are the implications of different financing methods for post-crisis rates of inflation and depreciation? We study these questions using a general...
Persistent link: https://www.econbiz.de/10012762806