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 …

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

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

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

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 …

We present a simple theory of the quality (competence and honesty) of elected officials. Our theory offers four main …). Hence, voters may find themselves supply constrained of high-quality candidates. Second, bad politicians generate negative …

politicians. I find a strong positive effect of local tax revenue on subsequent violence against black politicians. A dollar … had the largest negative tax revenue changes between 1870 and 1880 and that violence against black politicians is …