Introduction : social coalitions between equilibria and crises / Hideko Magara -- The emergence of an anti-bourgeois bloc in France / Bruno Amable & Stefano Palombarini -- Abenomics and Japanese politics / Masanobu Ido -- Who turned their back on the SPD? : electoral disaffection with the German...

In this paper we try to explain why the misallocation of resources across different productive sectors tends to persist over time. We document that there is a link between the distribution of the public expenditure across sectors and the sectoral composition of an economy. We propose a general...

In this paper we study why the misallocation of resources across different productive sectors tends to persist over time. To this end we propose a general equilibrium model that delivers two structural relations. On the one hand, the public expenditure distribution influences the future sectoral...