This paper employs a regression-discontinuity (RD) design to ascertain the effects of social-democratic government on fiscal policy (budget deficits) and monetary policy (as reflected in inflation) and on currency and bond prices (i.e., exchange rates and yields). The RD design exploits the...

Conflicts of interest over the generosity and structure of redistribution and social insurance (jointly: social policy) include that between the relatively poor and wealthy - which yields the familiar result that median-voter demand for broad redistribution increases in the income skew - and...

Interdependence is ubiquitous, and often central, across political economy. In comparative political economy, for example, globalization and rising capital mobility imply tax competition that suggests the fiscal policies of one country must depend crucially upon those of other countries with...