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Emotions and political unrest
Passarelli, Francesco; Tabellini, Guido Enrico - 2013
unpleasant policy choices. -- emotions ; political economics ; unrest ; riots ; fairness ; public debt ; procrastination …This paper formulates a general theory of how political unrest influences public policy. Political unrest is motivated … by emotions. Individuals engage in protests if they are aggrieved and feel that they have been treated unfairly. This …
Persistent link: https://www.econbiz.de/10009722397
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Federalism, Fiscal Space, and Public Investment Spending : Do Fiscal Rules Impose Hard Budget Constraints?
Chakraborty, Pinaki - 2017
The core emphasis of rules-based fiscal legislation at the subnational level in India is to achieve debt sustainability through a numerical ceiling on borrowing and the use of borrowed resources for public capital investment by phasing out revenue deficits. Using the Arellano Bond Panel...
Persistent link: https://www.econbiz.de/10012961571
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Federalism, Fiscal Space, and Public Investment Spending : Do Fiscal Rules Impose Hard Budget Constraints?
Chakraborty, Pinaki - 2016
The primary objective of rule-based fiscal legislation at the subnational level in India is to achieve debt sustainability by placing a ceiling on borrowing and the use of borrowed resources for public capital investment by phasing out deficits in the budget revenue account. This paper examines...
Persistent link: https://www.econbiz.de/10012984388
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A Dynamic Definition of the Structural Budget Deficit
Larson, Sven R. - 2014
The debate over legal requirements of a balanced federal budget has gained new life. A requirement would have strong implications for future fiscal policy. Done right, a requirement will allow Congress to combine a balanced budget with policy goals such as growth and full employment. Done wrong,...
Persistent link: https://www.econbiz.de/10013040528
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Public Debt, Fiscal Decisions and Political Power
Waśniewski, Krzysztof - 2014
The present paper treats the issue of economic foundations, on which political power rests, and the specific problem of public debt in the developed countries. Starting from the general question: “Why do rich governments borrow so much?” the paper develops a model of political power based on...
Persistent link: https://www.econbiz.de/10013044713
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Federalism, fiscal space, and public investment spending : do fiscal rules impose hard budget constraints?
Chakraborti, Pinaki - 2017
The core emphasis of rules-based fiscal legislation at the subnational level in India is to achieve debt sustainability through a numerical ceiling on borrowing and the use of borrowed resources for public capital investment by phasing out revenue deficits. Using the Arellano Bond Panel...
Persistent link: https://www.econbiz.de/10011591040
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The 'New Political Economy' : Two Recent Books
Saint-Paul, Gilles - 2000
Persistent link: https://www.econbiz.de/10014155021
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Die Theorie der optimalen Währungsräume und die politische Reformfähigkeit: Ein vernachlässigtes Kriterium
Heinemann, Friedrich - 1998
In diesem Beitrag wird neben einem kurzen Überblick über die Argumentationsweise und Probleme der Theorie optimaler Währungsräume ein neues Beurteilungskriterium vorgestellt: die politische Reformfähigkeit potentieller Mitgliedstaaten einer Währungsunion. Hintergrund für diese Erweiterung...
Persistent link: https://www.econbiz.de/10010297572
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Changing Tides for the Welfare State - An Essay
Lindbeck, Assar - 2001
Recent developments in society have generated misalignment between the welfare state and socio-economic conditions and preferences. This paper emphasis developments in the labor market and the structure, stability and preferences of the family, as well as macroeconomic changes. The latter...
Persistent link: https://www.econbiz.de/10010334952
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When will a dictator be good?
Shen, Ling - 2005
Dictatorship is the predominant political system in many developing countries. However, different dictators act quite differently: a good dictator implements growth-enhancing economic policies, e.g. investment in public education and infrastructure, whereas a bad dictator expropriates wealth of...
Persistent link: https://www.econbiz.de/10010263145