Korean Abstract: 본 논문은 경제적 불평등이 정치적 의사결정과정을 통하여 환경정책과 재분배정책에 어떻게 영향을 미치는지를 분석하고 있다. 정치과정을 배제한 경제적 균형에서는 환경정책(배출세)의 도입이 미도입시와...

I study a novel channel that amplifies the effects of a rise in government purchases. Fiscal stimulus increases aggregate demand and boosts job creation. The latter improves employment prospects by reducing idiosyncratic unemployment risk faced by households. This, in turn, weakens precautionary...

This paper provides an analytical formula for the government spending multiplier in economy populated with heterogeneous households that face uninsured idiosyncratic risk. To derive this expression I use the canonical Bewley-Huggett-Aiyagari model extended to capture frictional product market....

The present study is, in particular, an attempt to test the relationship between tax level and political stability by using some economic control variables and to see the relationship among government effectiveness, corruption, and GDP. For the purpose, we used the Vector Autoregression (VAR)...

This paper presents a dynamic politico-economic theory of fiscal policy to explain the simultaneous existence of public education and pensions in modern democracies. The driving force of the model is the intergenerational conflict over the allocation of the public budget. Successive generations...

The present study is, in particular, an attempt to test the relationship between tax level and political stability by using some economic control variables and to see the relationship among government effectiveness, corruption, and GDP. For the purpose, we used the Vector Autoregression (VAR)...

The paper explores the hypothesis of a double dividend from environmental taxation i.e. whether shifting the burden of taxation away from labour toward the environment can boost employment and increase welfare. We present a general-equilibrium model where the economy is distorted by labour...

This paper proposes a dynamic politico-economic theory of intergenerational contracts, whose driving force is the intergenerational confict over government spending. Embedding a repeated probabilistic voting setup in a standard OLG model with human capital accumulation, we find that the...

Since 2003 American political leaders and lawmakers have been committed to the simultaneous pursuit of tax cuts and military excursions abroad. Just a few decades ago, when military hawks were also deficit hawks, such a position would have seemed incongruous. This essay reviews, War and Taxes, a...

In recent years, numerous lawmakers, policy analysts, and scholars have been decrying the many defects of the present U.S. income tax system. Few have attempted to defend our return-based mass income tax. This essay reviews Learning to Love Form 1040, Lawrence Zelenak’s stirring and persuasive...