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In dieser Dissertation wird die Wechselwirkung zwischen der Wirtschaft und den Wahlen, Politikern und Politik … Demokratien bestimmen die Bürger*innen nicht direkt die Politik. Sie wählen Politiker, die als unvollkommene Repräsentanten des …
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In this paper we study the link between elections, fiscal policy and economic growth/fluctuations. The set-up is a dynamic stochastic general equilibrium model of growth and endogenously chosen fiscal policy, in which two political parties can alternate in power. The party in office chooses...
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We formulate a model to explain why the lack of political competition may stifle economic performance and use the United States as a testing ground for the model’s predictions, exploiting the 1965 Voting Rights Act which helped break the near monpoly on political power of the Democrats in...
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