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Many countries, especially developing ones, follow procyclical fiscal polices, namely spending goes up (taxes go down) in booms and spending goes down (taxes go up) in recessions. We provide an explanation for this suboptimal fiscal policy based upon political distortions and incentives for...
Persistent link: https://www.econbiz.de/10013240582
This textbook examines corruption through a macroeconomic lens, exploring the relationship between corruption, fiscal … policy, and political economy. The book merges macroeconomic growth models with elements of political economic theory to …Chapter 1: Introduction -- Chapter 2: Two-Period Model of Government Investment -- Chapter 3: Politics and Corruption …
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Many countries, especially developing ones, follow procyclical fiscal polices, namely spending goes up (taxes go down) in booms and spending goes down (taxes go up) in recessions. We provide an explanation for this suboptimal fiscal policy based upon political distortions and incentives for...
Persistent link: https://www.econbiz.de/10012467077
Chapter 1. introduction -- Chapter 2. Two-Period Model of Government Investment -- Chapter 3. Politics and Corruption … Overlapping-Generations Model. Chapter 5. Politics, Corruption, and Economic Growth -- Chapter 7. Corruption and Debt -- Chapter 8 …This textbook examines corruption through a macroeconomic lens, exploring the relationship between corruption, fiscal …
Persistent link: https://www.econbiz.de/10012508453
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Many countries, especially developing ones, follow procyclical fiscal policies, namely spending goes up (taxes go down) in booms and spending goes down (taxes go up) in recessions. We provide an explanation for this suboptimal fiscal policy based upon political distortions and incentives for...
Persistent link: https://www.econbiz.de/10014063040
as rent extraction spending. Our results show that more government corruption leads to higher rent extraction spending …
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