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Estimating the Effects of Political Pressure on the Fed : A Narrative Approach with New Data

Drechsel, Thomas - National Bureau of Economic Research - 2024

This paper combines new data and a narrative approach to identify shocks to political pressure on the Federal Reserve. From archival records, I build a data set of personal interactions between U.S. Presidents and Fed officials between 1933 and 2016. Since personal interactions do not...

Persistent link: https://www.econbiz.de/10014544739

Interest Groups, Ideology, and Indirect Lobbying : The Rise of Private Health Insurance In the United States

Alsan, Marcella; Neberai, Yousra; Ye, Xingyou - National Bureau of Economic Research - 2024

This study examines the rise of private health insurance in the United States in the post- World War II era. We investigate the role of the American Medical Association (AMA) which financed a campaign against National Health Insurance that was directed by the country's first political public...

Persistent link: https://www.econbiz.de/10014544762

Political Connections, Allocation of Stimulus Spending, and the Jobs Multiplier

Choi, Joonkyu; Penciakova, Veronika; Saffie, Felipe - National Bureau of Economic Research - 2024

We study the role of firms' political influence on the effectiveness of government spending using ARRA as a laboratory. Through an IV approach, we show that a 10 percentage points increase in the share of politically connected spending lowers the job creation effect of stimulus by 33 percent at...

Persistent link: https://www.econbiz.de/10014576603

Competitive Capture of Public Opinion

Alonso, Ricardo; Padró i Miquel, Gerard - National Bureau of Economic Research - 2023

We propose a general equilibrium model where two special interest groups (SIGs) compete to influence public opinion. Citizens with heterogeneous priors over a binary state of the world receive reports drawn from a continuous message space by a variety of sources. The two opposite SIGs attempt to...

Persistent link: https://www.econbiz.de/10014322801

Pack-Crack-Pack : Gerrymandering with Differential Turnout

Bouton, Laurent; Génicot, Garance; Castanheira, Micael; … - National Bureau of Economic Research - 2023

This paper studies the manipulation of electoral maps by political parties, known as gerrymandering. At the core of our analysis is the recognition that districts must have the same population size but only voters matter for electoral incentives. Using a novel model of gerrymandering that allows...

Persistent link: https://www.econbiz.de/10014322829

The Impact of Money in Politics on Labor and Capital : Evidence from Citizens United v. FEC

Akey, Pat; Babina, Tania; Buchak, Greg; Tenekedjieva, … - National Bureau of Economic Research - 2023

We examine whether corporate money in politics benefits or hurts labor using the 2010 Supreme Court ruling Citizens United, which rendered bans on political election spending unconstitutional. In difference-in-difference analyses, affected states experience increases in both capital and labor...

Persistent link: https://www.econbiz.de/10014322868

The Political Effects of Immigration : Culture or Economics?

Alesina, Alberto; Tabellini, Marco - National Bureau of Economic Research - 2022

, trigger backlash, increasing support for anti-immigrant parties and lowering preferences for redistribution and diversity …

Persistent link: https://www.econbiz.de/10013210107

Whose Preferences Matter for Redistribution : Cross-country Evidence

Maréchal, Michel André; Cohn, Alain; Yusof, Jeffrey; … - National Bureau of Economic Research - 2023

redistribution among citizens from different socioeconomic backgrounds and the actual extent of government redistribution. Our focus … on redistribution arises from the inherent class conflicts it engenders in policy choices, allowing us to examine whose … realized redistribution. This finding contradicts the expectations of both leading experts and regular citizens …

Persistent link: https://www.econbiz.de/10014447295

What Governments Maximize and Why : The View from Trade

Gawande, Kishore - 2009

Policy making power enables governments to redistribute income to powerful interests in society. However, some governments exhibit greater concern for aggregate welfare than others. This government behavior may itself be endogenously determined by a number of economic, political and...

Persistent link: https://www.econbiz.de/10012463696

Reserve System Design for Allocation of Scarce Medical Resources in a Pandemic : Some Perspectives from the Field

Pathak, Parag A.; Persad, Govind; Sönmez, Tayfun; … - National Bureau of Economic Research - 2022

The Covid-19 pandemic has brought renewed attention to rationing guidelines for scarce medical resources. This paper describes the benefits of using a reserve system over a priority system in operationalizing compromises between certain ethical goals. In the last two years, more than a dozen...

Persistent link: https://www.econbiz.de/10013210092

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