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Rotten Parents and Disciplined Children : A Politico-Economic Theory of Public Expenditure and Debt

Song, Zheng Michael; Storesletten, Kjetil; Zilibotti, … - 2007

This paper proposes a dynamic politico-economic theory of debt, government finance and expenditure. Agents have preferences over a private and a government-provided public good, financed through labor taxation. Subsequent generations of voters choose taxation, government expenditure and debt...

Persistent link: https://www.econbiz.de/10014049381

Voter responses to fiscal crisis : new evidence on preferences for fiscal adjustment in emerging markets

Ardanaz, Martin; Hübscher, Evelyne; Keefer, Philip; … - 2024

Though governments regularly implement fiscal adjustments to avert crisis, voter attitudes towards competing adjustment strategies are still poorly understood. A conjoint experiment with 8,000 survey respondents in Brazil, Colombia, Costa Rica, and Peru confirms that individuals prefer spending-...

Persistent link: https://www.econbiz.de/10014529801

Rotten parents and disciplined children: A politico-economic theory of public expenditure and debt

Song, Zheng; Storesletten, Kjetil; Zilibotti, Fabrizio - 2008

This paper proposes a dynamic politico-economic theory of debt, government finance and expenditure. Agents have preferences over a private and government-provided public good, financed through labour taxation. Subsequent generations of voters choose taxation, government expenditure and debt...

Persistent link: https://www.econbiz.de/10010287737

Fiscal consolidations and electoral outcomes in emerging economies : does the policy mix matter? : macro and micro level evidence from Latin America

Ardanaz, Martín; Hallerberg, Mark; Scartascini, Carlos G. - 2019

Do voters punish governments that introduce fiscal "austerity" measures? If so, does voter response vary according to the design (composition) of fiscal adjustments? What determines the timing of fiscal consolidations? The empirical literature on the political economy of fiscal adjustments,...

Persistent link: https://www.econbiz.de/10012052149

Empirical Studies on Public Debt and Fiscal Transfers

Reischmann, Markus Josef - 2016

This volume includes five self-contained chapters in the fields of public debt and fiscal transfer schemes. After an introduction to the topic, chapter 2 shows that the institutional setting of fiscal policy making needs to be considered when assessing the sustainability of fiscal policy. Using...

Persistent link: https://www.econbiz.de/10011698353

Do Fiscal Rules Cause Fiscal Discipline Over the Electoral Cycle?

Eklou, Kodjovi - 2020

This paper estimates the causal effect of fiscal rules on political budget cycles in a sample of 67 developing countries over the period 1985-2007. We exploit the geographical pattern in the adoption of fiscal rules to isolate an exogenous source of variation in the adoption of national fiscal...

Persistent link: https://www.econbiz.de/10012843304

Empirical studies on public debt and fiscal transfers

Reischmann, Markus Josef - 2016

Persistent link: https://www.econbiz.de/10011742833

The political costs of austerity

Duque Gabriel, Ricardo; Klein, Mathias; Pessoa, Ana Sofia - 2022

Using a novel regional database covering over 200 elections in several European countries, this paper provides new empirical evidence on the political consequences of fiscal consolidations. To identify exogenous reductions in regional public spending, we use a Bartik-type instrument that...

Persistent link: https://www.econbiz.de/10013465227

Voter reaction to government incompetence and corruption related to the 1999 earthquakes in Turkey

Akarca, Ali T.; Tansel, Aysıt - 2015

Two major earthquakes which struck northwestern Turkey in 1999 exposed rampant corruption involving construction and … zoning code violations. The government's relief efforts were tainted by corruption as well, and exhibited a great deal of … parties were responsible for the construction of the shoddy buildings, and for the corruption and mismanagement related to …

Persistent link: https://www.econbiz.de/10011293516

Exposition to corruption and political participation : evidence from Italian municipalities

Giommoni, Tommaso - 2017

The aim of this paper is to study the effect of local corruption on political participation which is mediated by the … press. Focusing on Italy, we generate a daily measure of exposition to local corruption screening articles of main Italian … press agency. Applying an event-study methodology on local elections, two results emerge. First, corruption exposition …

Persistent link: https://www.econbiz.de/10011721582

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