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When Ideas Trump Interests : Preferences, World Views, and Policy Innovations

Rodrik, Dani - 2013

The contemporary approach to political economy is built around vested interests - elites, lobbies, and rent-seeking groups which get their way at the expense of the general public. The role of ideas in shaping those interests is typically ignored or downplayed. Yet each of the three components...

Persistent link: https://www.econbiz.de/10013073185

Obstacles to Optimal Policy : The Interplay of Politics and Economics in Shaping Bank Supervision and Regulation Reforms

Kroszner, Randall - 2010

This paper provides a positive political economy analysis of the most important revision of the U.S. supervision and regulation system during the last two decades, the 1991 Federal Deposit Insurance Corporation Improvement Act (FDICIA). We analyze the impact of private interest groups as well as...

Persistent link: https://www.econbiz.de/10012763752

The Political Economy of Ideas : On Ideas Versus Interests in Policymaking

Mukand, Sharun - 2018

We develop a conceptual framework to highlight the role of ideas as a catalyst for policy and institutional change. We make an explicit distinction between ideas and vested interests and show how they feed into each other. In doing so the paper integrates the Keynes-Hayek perspective on the...

Persistent link: https://www.econbiz.de/10012922972

A Political-Economy Theory of Trade Agreements

Maggi, Giovanni; Rodríguez-Clare, Andrés - 2021

This paper presents a theory of trade agreements where "politics" play an central role. This stands in contrast with the standard theory, where even politically-motivated governments sign trade agreements only to deal with terms-of-trade externalities. We develop a model where governments may be...

Persistent link: https://www.econbiz.de/10013220537

How Elections Matter : Theory and Evidence from Environmental Policy

List, John A.; Sturm, Daniel M. - 2021

popular view that choices on secondary policy instruments are largely determined by lobbying, we find strong effects of …

Persistent link: https://www.econbiz.de/10013221877

Bureaucrats or Politicians?

Alesina, Alberto F.; Tabellini, Guido - 2021

Policies are typically chosen by politicians and bureaucrats. This paper investigates the e fficiency criteria for allocating policy tasks to elected policymakers (politicians) or non elected bureaucrats. Politicians are more efficient for tasks that do not involve too much specific technical...

Persistent link: https://www.econbiz.de/10013221989

Is Trade Policy for Sale? Congressional Voting on Recent Trade Bills

Baldwin, Robert E.; Magee, Christopher S. - 2021

This paper examines voting by members of Congress on three trade bills introduced in 1993 and 1994: the North American Free Trade Agreement (NAFTA), the agreements concluded in the Uruguay Round of multilateral trade negotiations (GATT), and most-favored nation status for China. We first review...

Persistent link: https://www.econbiz.de/10013224935

Judicial Lobbying : The Politics of Labor Law Constitutional Interpretation

Iaryczower, Matias; Spiller, Pablo T.; Tommasi, Mariano - 2021

the judiciary. The resulting framework reconciles the theoretical literature of lobbying with the negative available … evidence on the impact of lobbying over legislative outcomes, and sheds light to the determinants of lobbying in separation …-of-powers systems. We provide conditions for judicial decisions to be sensitive to legislative lobbying, and find that lobbying falls …

Persistent link: https://www.econbiz.de/10013225056

Debts and Deficits with Fragmented Fiscal Policymaking

Velasco, Andrés - 2021

This paper develops a political-economic model of fiscal policy - one in which government resources are a common property' out of which interest groups can finance expenditures on their preferred items. This setup has striking macroeconomic implications. Transfers are higher than a benevolent...

Persistent link: https://www.econbiz.de/10013243430

A Model of Endogenous Fiscal Deficits and Delayed Fiscal Reforms

Velasco, Andrés - 2022

This paper develops a political-economic model of fiscal policy one in which" government resources are a common property' out of which interest groups can finance" expenditures on their preferred items. This setup has striking macroeconomic implications. " First, fiscal deficits and debt...

Persistent link: https://www.econbiz.de/10013323463

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