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The political economy of fiscal policy

Battaglini, Marco; Coate, Stephen - In: Journal of the European Economic Association 6 (2008) 2/3, pp. 367-380

Persistent link: https://www.econbiz.de/10003725484

Fiscal policy and unemployment

Battaglini, Marco; Coate, Stephen - 2011

Persistent link: https://www.econbiz.de/10009378583

Fiscal policy over the real business cycle : a positive theory

Barseghyan, Levon; Battaglini, Marco; Coate, Stephen - In: Journal of economic theory 148 (2013) 6, pp. 2223-2265

Persistent link: https://www.econbiz.de/10010257934

A political economy theory of fiscal policy and unemployment

Battaglini, Marco; Coate, Stephen - In: Journal of the European Economic Association 14 (2016) 2, pp. 303-337

Persistent link: https://www.econbiz.de/10011565506

Fiscal policy over the real business cycle : a positive theory

Battaglini, Marco; Coate, Stephen - 2008

"This paper presents a political economy theory of the behavior of fiscal policy over the business cycle. The theory predicts that, in both booms and recessions, fiscal policies are set so that the marginal cost of public funds obeys a submartingale. In the short run, fiscal policy can be...