Politicians have generally two motives: they wish to hold office as long as possible and wish to implement their …, politicians may prefer to be ambiguous and "hide", at least up to a certain extent, their true preferences. This result holds for …

Two main career paths are prevalent among politicians in modern democracies: there are career politicians (i ….e., politicians who work in the political sector until retirement), and political careers (i.e., there are politicians who leave … careers of politicians in an environment with a private sector and a political sector, where individuals are heterogeneous …

counterproductive, either by impeding the transmission of information or by inducing politicians to select more costly ways of signaling …

This paper surveys the recent literature on the theory of macroeconomic policy. We study the effect of various …

politicians elected. The model offers novel testable implications about the use of pre-electoral violence under different types of … parliamentary speeches of politicians elected in Sicily during the period 1945-2013 …

in pre-rational expectations macroeconomic theory. Here we show that electoral cycles in taxes, government spending and …

When voters fear that politicians may have a right-wing bias or that they may be influenced or corrupted by the rich … right. Truly right-wing politicians respond by choosing more moderate, or even left-of-center policies. This populist bias … polarization between the policy preferences of the median voter and right-wing politicians; when politicians are indeed more likely …