This thesis analyses fiscal policy in four models of economic growth.The first model is a variant of Jones [61]; overlapping generations are introducedand it is shown that the allocation is dynamically inefficient. Asin Diamond [42], a debt financed transfer to current generations can leadto a...

The public sector supplies a club good financed by either a head tax or proportional taxation on exogenous incomes in a democracy. For a class of utility functions and club quality functions, the optimal club quality is independent of the income distribution, and hence of the identity of the...