This paper studies the relationship between the size of the fiscal multiplier and the degree of capital mobility in some Latin American countries. The Mundell (1963) and Fleming (1962) model establishes that this effect might be very large or very small (very close to zero) depending on the...

To the best of our knowledge, the empirical corpus of work on the origins and persistence of democracy has not evaluated the impact of governments' fiscal independence from peoples' taxes on the quality of democracy. Our proxy for fiscal independence is the component 1C titled "government...