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Political Entry, Public Policies, and the Economy

Mulligan, Casey B. - 2008

This paper presents a theory of competition for political leadership between incumbent leaders and their challengers in …

Persistent link: https://www.econbiz.de/10012464816

The Risk of Social Security Benefit Rule Changes : Some International Evidence

McHale, John - 1999

Against a background of projections of sharply increasing elderly dependency rates, workers in the major industrial economies are apprehensive that their social security benefit entitlements will be cut before or after they retire, leaving them with inadequate retirement income. This paper looks...

Persistent link: https://www.econbiz.de/10012471769

A Simple Planning Problem for COVID-19 Lockdown

Alvarez, Fernando E. - 2020

We study the optimal lockdown policy for a planner who wants to control the fatalities of a pandemic while minimizing the output costs of the lockdown. We use the SIR epidemiology model and a linear economy to formalize the planner's dynamic control problem. The optimal policy depends on the...

Persistent link: https://www.econbiz.de/10012481937

Pandemic Lockdown : The Role of Government Commitment

Moser, Christian A. - 2020

This paper studies optimal lockdown policies in a dynamic economy without government commitment. A lockdown imposes a cap on labor supply, which lowers economic output but improves health prospects. A government would like to commit to limit the extent of future lockdowns in order to increase...

Persistent link: https://www.econbiz.de/10012482019

Persuasion in Politics

Murphy, Kevin - 2004

We present a model of the creation of social networks, such as political parties, trade unions, religious coalitions, or political action committees, through discussion and mutual persuasion among their members. The key idea is that people are influenced by those inside their network, but not by...

Persistent link: https://www.econbiz.de/10012468445

Seigniorage and Political Instability

Cukierman, Alex - 1989

The importance of seignorage relative to other sources of government revenue differs markedly across countries. The main theoretical implication of this paper is that countries with more unstable and polarized political systems rely more heavily on seignorage. This result is obtained within the...

Persistent link: https://www.econbiz.de/10012475838

Hysteresis and the Welfare Effect of Corrective Policies : Theory and Evidence from an Energy-Saving Program

Costa, Francisco - 2018

A growing body of evidence documents that policies can affect household behaviors persistently, even if they are no longer in place. This paper studies the importance of such "hysteresis" - the failure of an effect to reverse itself as its underlying cause is reversed - for the welfare...

Persistent link: https://www.econbiz.de/10012453110

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

Mukand, Sharun - 2018

-Becker (interests only) approach to political economy. We distinguish between two kinds of ideational politics - the battle among … different worldviews on the efficacy of policy (worldview politics) versus the politics of victimhood, pride and identity … (identity politics). Political entrepreneurs discover identity and policy 'memes' (narratives, cues, framing) that shift beliefs …

Persistent link: https://www.econbiz.de/10012453247

Coasean Bargaining to Address Environmental Externalities

Libecap, Gary D. - 2016

I examine Ronald Coase's criticism of standard regulatory and tax policies to address environmental externalities. I elaborate some of Coase's key points and discuss opportunities for Coasean exchange as an alternative mitigation approach. Regulation, tax, and Coasean exchange, such as through...

Persistent link: https://www.econbiz.de/10012456769

Political Contagion in Currency Crises

Drazen, Allan - 1999

Existing models of contagious currency crises are summarized and surveyed, and it is argued that more weight should be put on political factors. Towards this end, the concept of political contagion introduced, whereby contagion in speculative attacks across currencies arises solely because of...

Persistent link: https://www.econbiz.de/10012471578

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