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Rotten Parents and Disciplined Children: A Politico-Economic Theory of Public Expenditure and Debt
Song, Zheng Michael; Storesletten, Kjetil; Zilibotti, … - C.E.P.R. Discussion Papers - 2012
economies, whose driving force is the intergenerational conflict over debt, taxes, and public goods. Subsequent generations of … taxes and low debt accumulation. The paper characterizes the Markov-perfect equilibrium of the voting game in each economy …, as well as the stationary equilibrium debt distribution and interest rate of the world economy. The equilibrium can …
Persistent link: https://www.econbiz.de/10011083405
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Transition finance country study Lebanon : global public goods and the response to adverse shocks
Chiofalo, Emilio; Poensgen, Konstantin; Rockenfeller, … - 2019
Syrian conflict adversely affected the country’s development path. The Syrian conflict compounded pre-existing deficits and … dominates the financing landscape and public debt is high. DAC members and other donors can strengthen the humanitarian …
Persistent link: https://www.econbiz.de/10012137018
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Politics and Efficiency of Separating Capital and Ordinary Government Budgets
Bassetto, Marco; Sargent, Thomas J. - 2005
account budgets and allows a government to issue debt to finance only capital items. Many national governments followed this …
Persistent link: https://www.econbiz.de/10014061792
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Optimal provision of public goods : a synthesis
Thustrup Kreiner, Claus (contributor);  … - 2008
There currently exist two competing approaches in the literature on the optimal provision of public goods. The standard approach highlights the importance of distortionary taxation and distributional concerns. The new approach neutralizes distributional concerns by adjusting the non-linear...
Persistent link: https://www.econbiz.de/10003762497
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Optimal provision of public goods : a synthesis
Kreiner, Claus Thustrup; Verdelin, Nicolaj - 2009
There currently exist two competing approaches in the literature on the optimal provision of public goods. The standard approach highlights the importance of distortionary taxation and distributional concerns. The new approach neutralizes distributional concerns by adjusting the non-linear...
Persistent link: https://www.econbiz.de/10003807888
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Volunteering and the state
Hackl, Franz; Halla, Martin; Pruckner, Gerald J. - 2009
This paper explores the capability of the state to affect the individual?s decision to work for free. For this purpose we combine individual-level data from the European and World Values Survey with macroeconomic and political variables for OECD member countries. Empirically we identify three...
Persistent link: https://www.econbiz.de/10011343937
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You are in charge : experimentally testing the motivating power of holding a judicial office
Engel, Christoph; Zhurakhovska, Lilia - 2016
Apparently judges’ decisions are not motivated by maximizing their own profit. The literature uses two strategies to explain this observation: judges care about the long-term monetary consequences for themselves, or individuals who are more strongly motivated by the common good self-select...
Persistent link: https://www.econbiz.de/10011553361
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The Dynamics of Public Investment Under Persistent Electoral Advantage
Azzimonti, Marina - 2011
This paper studies the effects of asymmetries in re-election probabilities across parties on public policy and its subsequent propagation to the economy. The struggle between opposing groups – that disagree on the composition of public consumption – results in governments being endogenously...
Persistent link: https://www.econbiz.de/10013123322
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Dictatorships, Patronage and Public Good Provision
Khan, Karim - 2012
Dictatorship has been one of the most persistent regime types in history. Different dictators have applied different strategies for obtaining political support in different societies. We discuss and empirically estimate the hypothesis that states that dictators rely more on military for...
Persistent link: https://www.econbiz.de/10013099525
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The Dynamics of Public Investment Under Persistent Electoral Advantage
Azzimonti, Marina - 2013
This paper studies the effects of asymmetries in re-election probabilities across parties on public policy and their subsequent propagation to the economy. The struggle between groups that disagree on targeted public spending (e.g., pork) results in governments being endogenously short-sighted:...
Persistent link: https://www.econbiz.de/10013072594