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James M. Buchanan and the Corrupting Quality of Public Indebtedness

Wagner, Richard E. - 2018

This paper explains that James Buchanan's theory of public debt entailed more than the shifting of cost forward in time …

Persistent link: https://www.econbiz.de/10012906537

Emergence and Entanglement in a Theory of Political Economy

Wagner, Richard E. - 2019

analytical feature to be incorporated into a theory of political economy. It also means that any human population system is open …

Persistent link: https://www.econbiz.de/10012893276

Pork-Barrel Politics and Polarization

Hedlund, Aaron - 2019

This article explores how earmarks shape the ideological composition of elected officials in Congress. Relative to the classic median voter theorem, the framework developed here introduces multiple legislative districts and incorporates a desire for local earmarks in the specification of voter...

Persistent link: https://www.econbiz.de/10012894813

Financial Inequality, Group Entitlements and Populism

Favaretto, Federico - 2019

This paper shows how financial inequality and misbeliefs about group entitlements can increase the consensus for populist parties. Given a banking shock, traditional and populist parties propose alternative bailout policies, where short termism characterizes the populistic policy. The citizens...

Persistent link: https://www.econbiz.de/10012897550

Populism, Financial Inequality and Central Bank Independence : A Political Economics Approach

Masciandaro, Donato - 2018

This paper examines myopic, populist policies that guarantee short-term financial protection of the people from the elite without regard for long-term fiscal or monetary distortions. Assuming that citizens are financially heterogeneous, this paper shows that inefficient outcomes can arise when...

Persistent link: https://www.econbiz.de/10012922659

Populism, economic policies and central banking

Agur, Itai; Gnan, Ernest; Masciandaro, Donato; Binder, … - Populism, Economic Policies and Central Banking …; … - 2020

Persistent link: https://www.econbiz.de/10012225066

Confronting the Endogeneity of Economy, Policy, and Politics : Inequality & Unemployment, Redistribution & Social Insurance, and Political Participation

Franzese, Robert J.; Hays, Jude C. - 2014

endogenous relationships, to suggest plausible identification conditions derived from relevant theory and substance, and to offer …

Persistent link: https://www.econbiz.de/10014219906

Unpleasant Surprises? Elections and Tax News Shocks

David, Antonio C.; Sever, Can - 2023

Unanticipated changes in tax policy are likely to have different macroeconomic effects compared to anticipated changes due to several mechanisms, including fiscal foresight and policy uncertainty. It is therefore important to understand what drives such policy surprises. We explore the nature of...

Persistent link: https://www.econbiz.de/10014353562

Sharing Budgetary Austerity Under Free Mobility and Asymmetric Information : An Optimal Regulation Approach to Fiscal Federalism

Breuillé, Marie-Laure; Gary-Bobo, Robert J. - 2021

In the present article, Tiebout meets Laffont and Tirole in the land of Fiscal Federalism. We use a non …

Persistent link: https://www.econbiz.de/10013318166

Do Party Ties Increase Transfer Receipts in Cooperative Federalism? - Evidence from Germany

Bury, Yannick; Feld, Lars P.; Koehler, Ekkehard A. - 2021

Cooperative fiscal federalism needs a multi-level consent to decide on the allocation of intergovernmental transfers … transfers to municipal governments under this type of federalism. Using a regression discontinuity design in close electoral … supporting the swing voter hypothesis, our results suggest that federalism inherently entails restrictions for misusing …

Persistent link: https://www.econbiz.de/10013315289