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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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On the determinants and effects of political influence
Chong, Alberto (contributor);  … - 2007
This paper uses a large cross-country survey of business firms to assess their influence on government policies. It is found that influence is associated with larger, government-owned firms that have a high degree of ownership concentration. In contrast, foreign ownership matters little. It is...
Persistent link: https://www.econbiz.de/10003776333
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What should we expect from innovation? : a model-based assessment of the environmental and mitigation cost implications of climate-related R&D
Bosetti, Valentina; Carraro, Carlo; Duval, Romain; … - 2010
This paper addresses two basic issues related to technological innovation and climate stabilisation objectives: i) Can innovation policies be effective in stabilising greenhouse gas concentrations? ii) To what extent can innovation policies complement carbon pricing (taxes or permit trading) and...
Persistent link: https://www.econbiz.de/10003949084
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Migration and the welfare state : dynamic political-economy theory
Razin, Asaf; Tsadḳah, Efrayim; Suwankiri, Benjarong - 2010
We model an overlapping-generations economy with two skill levels: skilled and unskilled. The welfare-state is modeled simply by a proportional tax on labor income to finance a demogrant in a balanced-budget manner. Therefore, some (the unskilled workers and old retirees) are net beneficiaries...
Persistent link: https://www.econbiz.de/10003945852