This paper constructs and examines a macroeconomic model which combines features from both real and political business cycle models. Our goal is to augment a standard real business cycle tax model by introducing political leaders who possess heterogeneous preferences for taxation and uncertain...

This paper constructs and examines a macroeconomic model which combines features from both real and political business cycle models. We augment a standard real business cycle tax model by allowing for varying levels of government partisanship and competence in order to replicate two important...

This paper constructs and examines a macroeconomic model which combines features from both real and political business cycle models. We augment a standard real business cycle tax model by allowing for varying levels of government partisanship and competence in order to replicate two important...