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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

The 'New Political Economy' : Two Recent Books

Saint-Paul, Gilles - 2000

Persistent link: https://www.econbiz.de/10014155021

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

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

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

Public Economics

Olsen, Edgar O. - 2012

The purpose of this chapter is to share some general thoughts about teaching the broad undergraduate public economics course that might be helpful to new teachers of this course and some ideas about dealing with particular topics that might be useful to even experienced teachers. Like others who...

Persistent link: https://www.econbiz.de/10014179453

The Modern Racing Landscape and the Racetrack Wagering Market : Components of Demand, Subsidies and Efficiency

DeGennaro, Ramon P.; Gillette, Ann B. - 2012

Horse racing is an important industry throughout much of the world, and gambling has been increasingly relied on to provide financial support for beleaguered state governments. Technology has changed the way track patrons bet, with the vast and increasing majority of total bets being made away...

Persistent link: https://www.econbiz.de/10014040934

Corruption, Public Finances, and the Unofficial Economy

Johnson, Simon; Kaufmann, Daniel; Zoido, Pablo - 2004

In this sample of 49 Latin American, OECD, and transition economies, it is the ineffective and discretionary administration of tax and regulatory regimes--not higher tax rates alone--as well as corruption, that increases the size of the unofficial economy. And countries with a larger unofficial...

Persistent link: https://www.econbiz.de/10014042648

Contingent Valuation Methods : Possibilities and Problems

Holvad, Torben - 1999

Valuation of external costs created from transport is important to undertake in order to improve the decision-making basis for transport policy. In particular, this information could be utilised with respect to policy measures for the internalisation of external costs as well as with respect to...

Persistent link: https://www.econbiz.de/10014196435

Lifetime Network Externality and the Dynamics of Group Inequality

Kim, Young-Chul - 2014

The quality of one's social network significantly affects his economic success. Even after the skill acquisition period, the social network influences economic success through various routes such as mentoring, job searching, business connections, or information channeling. In this paper I...

Persistent link: https://www.econbiz.de/10014201098