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We investigate empirically how party ideology influences size and scope of government as measured by the size of government, tax structure and labor market regulation. Our dataset comprises 49 US states over the 1993-2009 period. We employ the new data onthe ideological mapping of US...
Persistent link: https://www.econbiz.de/10010312173
We investigate empirically how party ideology influences size and scope of government as measured by the size of government, tax structure and labor market regulation. Our dataset comprises 49 US states over the 1993-2009 period. We employ the new data on the ideological mapping of US...
Persistent link: https://www.econbiz.de/10010312854
Political budget cycles (PBCs) result from the credibility problems that office-motivated incumbents face under asymmetric information, due to their temptation to manipulate fiscal policy to increase their electoral chances. We analyze the role of rules that limit debt, crucial for aggregate...
Persistent link: https://www.econbiz.de/10010323359
Veto institutions are often dominated by government opponents with rival electoral and policy interests (e.g. \divided government"). I investigate the tradeoff between policy control and policy blockade when both the government and the veto party may cater to opposing special interests. The...
Persistent link: https://www.econbiz.de/10004968400
Zwischenwahlen in den USA sind nicht nur Stimmungsbarometer für den Erfolg einer Präsidentschaft. Die Machtverhältnisse im Kongress entscheiden über den Handlungsspielraum des Präsidenten: Ein divided government - in dem mindestens eine Kammer des Kongresses nicht von der eigenen Partei...
Persistent link: https://www.econbiz.de/10013461515
Do parties matter? Yes, but not in the usual way we tend to think of them: big government Democrats and small government Republicans. Our first regression discontinuity design shows that whether the majority in the House of Representatives is Republican or Democratic does not affect the tax...
Persistent link: https://www.econbiz.de/10008519862
Persistent link: https://www.econbiz.de/10008491850
This article presents a formal model of policy decision-making in an institutional framework of separation of powers in which the main actors are pivotal political parties with voting discipline. The basic model previously developed from pivotal politics theory for the analysis of the United...
Persistent link: https://www.econbiz.de/10005772022
Persistent link: https://www.econbiz.de/10005605763
Political budget cycles (PBCs) result from the credibility problems that office-motivated incumbents face under asymmetric information, due to their temptation to manipulate fiscal policy to increase their electoral chances. We analyze the role of rules that limit debt, crucial for aggregate...
Persistent link: https://www.econbiz.de/10005668683