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Political Economics: Explaining Economic Policy
What determines the size and form of redistributive programs, the extent and type of public goods provision, the burden of taxation across alternative tax bases, the size of government deficits, andExpand
Is Inequality Harmful for Growth
Is inequality harmful for growth? The authors suggest that it is. In a society where distributional conflict is important, political decisions produce economic policies that tax investment andExpand
Pillars of Prosperity: The Political Economics of Development Clusters
"Little else is required to carry a state to the highest degree of opulence from the lowest barbarism, but peace, easy taxes, and a tolerable administration of justice; all the rest being broughtExpand
The Economic Effects of Constitutions
The authors of The Economic Effects of Constitutions use econometric tools to study what they call the "missing link" between constitutional systems and economic policy; the book is anExpand
Why a Stubborn Conservative would Run a Deficit: Policy with Time-Inconsistent Preferences
A conservative government, in favor of a low level of public consumption, knows that it will be replaced by a government in favor of a larger level of public consumption. We show that the resultingExpand
The Size and the Scope of Government: Comparative Politics with Rational Politicians
We try to demonstrate how economists may engage in research on comparative politics, relating the size and composition of government spending to the political system. A Downsian model of electoralExpand
Separation of Powers and Political Accountability
Political constitutions are incomplete contracts and therefore leave room for abuse of power. In democracies, elections are the primary mechanism for disciplining public officials, but they are notExpand
Currency unions and trade: how large is the treatment effect?
The impact of a common currency on trade can be grossly mismeasured if countries that belong to currency unions are systematically different from those that do not, and if the relationship betweenExpand
State Capacity, Conflict and Development
The absence of state capacities to raise revenue and to support markets is a key factor in explaining the persistence of weak states. This paper reports on an ongoing project to investigate theExpand
Democratic Capital: The Nexus of Political and Economic Change
We study the joint dynamics of economic and political change. Predictions of the simple model that we formulate in the paper get considerable support in a panel of data on political regimes and GDPExpand