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Potential output and fiscal rules in a monetary union under asymmetric information - 2nd ed
Marattin, Luigi; Meraglia, Simone - 2016 - 2nd edition
We analyze fiscal rules within a Monetary Union in the presence of (i) asymmetric information on member states' potential output and (ii) bail-out among member states. The first-best deficit is contingent on the cycle, that is, on member states' output gap. In the presence of asymmetric...
Persistent link: https://www.econbiz.de/10011705510
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Fractionalization and the Size of Government
Lind, Jo Thori - 2003
fractionalization and group antagonism reduce the support for redistribution. Whereas within group inequality increases support for … redistribution, inequality between groups have the opposite effect. All these results hold even if a poor group is in majority. Using … increases and between group inequality decreases redistribution. …
Persistent link: https://www.econbiz.de/10011508116
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Fractionalization and the size of government
Lind, Jo Thori - 2003
fractionalization and group antagonism reduce the support for redistribution. Whereas within group inequality increases support for … redistribution, inequality between groups has the opposite effect. All these results hold even if a poor group is in majority. Using … increases and between race inequality decreases redistribution. …
Persistent link: https://www.econbiz.de/10010284464
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Ideology and fiscal policy: quasi-experimental evidence from the German States
Baskaran, Thushyanthan - 2012
Is government ideology important for fiscal policy? I study this question with data from all German States over the period 1975-2005. To identify the effect of ideology, I rely on a fuzzy regression discontinuity design. I find that left-wing state governments spend more than state governments...
Persistent link: https://www.econbiz.de/10010311705
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Searching for Keynes : an essay on the political economy of fiscal policy, with application to Canada, 1870-2000 - revised version
Winer, Stanley L.; Ferris, John Stephen - 2003
Keynes' General Theory (1936) is arguably one of the most important books of the twentieth century. His ideas for stabilizing the aggregate economy have profoundly influenced economic theory as well as popular opinion about what governments can and should do with respect to the business cycle....
Persistent link: https://www.econbiz.de/10011509394
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Has the stability and growth pact impeded political budget cycles in the European Union?
Mink, Mark; de Haan, Jakob - 2005
This paper examines whether there is a political budget cycle (PBC) in countries in the euro area. Using a multivariate model for the period 1999-2004 and various election indicators we find strong evidence that the Stability and Growth Pact has not restricted fiscal policy makers in the euro...
Persistent link: https://www.econbiz.de/10010261324
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Ideology and fiscal policy: quasi-experimental evidence from the German States
Baskaran, Thushyanthan - 2012
Is government ideology important for fiscal policy? I study this question with data from all German States over the period 1975-2005. To identify the effect of ideology, I rely on a fuzzy regression discontinuity design. I find that left-wing state governments spend more than state governments...
Persistent link: https://www.econbiz.de/10009634251
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Has the Stability and Growth Pact Impeded Political Budget Cycles in the European Union?
de Haan, Jakob; Mink, Mark - 2021
This paper examines whether there is a political budget cycle (PBC) in countries in the euro area. Using a multivariate model for the period 1999-2004 and various election indicators we find strong evidence that the Stability and Growth Pact has not restricted fiscal policy makers in the euro...
Persistent link: https://www.econbiz.de/10013318278
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Searching for Keynes : With Application to Canada, 1870-2000
Ferris, J. Stephen; Winer, Stanley L. - 2021
Keynes' idea (1936) that governments can stabilize aggregate activity is one of the most important innovations in public policy thinking in the twentieth century. However, the extent to which Keynesian theory has actually influenced policy actions remains an open question. We reconsider the...
Persistent link: https://www.econbiz.de/10013319796
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Agency Problems and Political Institutions
Mitnick, Barry M. - 2013
To a very large extent, politics is agency. Indeed, agent-principal relationships pervade public and public-private behavior. This paper reviews the extensive but not yet integrated literature applying agency concepts to political settings. This includes agency in definitions of politics or...
Persistent link: https://www.econbiz.de/10013074677