El proposito de este trabajo es brindar una aproximacion a la literatura de "political economy" aplicada a la problematica fiscal. Se describen distintos mecanismos a traves de los cuales el sistema politico introduce sesgos hacia un comportamiento fiscal suboptimo. Se presenta evidencia...

This paper argues that institutionalization is an equilibrium phenomenon and is associated with better policies and better results in terms of economic development. In support of this argument is presented a theoretical model that extends the space of feasible actions for political actors,...

In 1989, Argentina entered a process of sweeping transformations of its economic institutions, which have provided for the recovery of economic growth and the taming of inflation. The Argentine experience with market oriented reforms has been regarded by