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Chapters one and two of the dissertation investigate the effects of political disagreement on macroeconomic outcomes. I introduce a model of governments with heterogeneous preferences over the composition of consumption between private and public goods alternating in power. Unable to commit to...
Persistent link: https://www.econbiz.de/10009429299
The focus of my research is dynamic political economy in macroeconomics. The first chapter of my dissertation studies the fact that Countries in the Organization of Economic Co-operation and Development (OECD) vary widely in their ratio of capital tax rates to labor tax rates. This chapter’s...
Persistent link: https://www.econbiz.de/10009429307
We study how political constraints, characterized by the degree of flexibility to choose fiscal policy, affect the probability of sovereign default. To that end, we relax the assumption that policymakers always repay their debt in the dynamic model of fiscal policy developed by Battaglini and...
Persistent link: https://www.econbiz.de/10015264616