What fraction of the business cycle volatility of government purchases is accounted for as endogenous reactions to … U.S. non-defense government consumption expenditures. However, such a model fails to match other important features of …

government purchases. We set up and compute a heterogeneous-agent neoclassical growth model, where households value government … milder procyclicality of government purchases than models with no political wealth bias. The degree of wealth bias that … matches the observed mild procyclicality of government purchases in the data, is consistent with cross-sectional data on …

. Specifically, we use sign restrictions to identify a government revenue shock as well as a government spending shock, while … government revenue five years after the shock. …

success in life depends more on luck than on effort, support more government redistribution, but are less confident in public …

from the economic effects of party control of government to the importance of complex rules in congressional committees …

electoral rules and forms of government for fiscal policy and rent extraction, even when non-random constitution selection is … show that proportional elections raise government spending through their indirect consequences for party structures and … types of government, rather than through their direct effects on policymaking incentives. Third, new empirical results …

In popular discussion much has been made recently of the susceptibility of government policies to lobbying by …