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Dynamic fiscal policy

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The article was published on 1987-01-01 and is currently open access. It has received 2371 citations till now. The article focuses on the topics: Fiscal union & Fiscal federalism.

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Fiscal Policy and Economic Growth: An Empirical Investigation

TL;DR: In this paper, the empirical regularities relating fiscal policy variables, the level of development and the rate of growth are described, and they employ historical data, recent cross-section data, and newly constructed public investment series.
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Recursive Macroeconomic Theory

TL;DR: In this paper, an introduction to recursive methods for dynamic macroeconomics is presented, including standard applications such as asset pricing, and advanced material, including analyses of reputational mechanisms and contract design.
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Fiscal policy and economic growth

TL;DR: In this paper, the empirical regularities relating fiscal policy variables, the level of development, and the rate of growth are described, and they employ historical data, recent cross-section data and newly constructed public investment series.
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Environmental Taxation and the “Double Dividend:” A Reader’s Guide

TL;DR: Taxes have been used as instruments of environmental protection for a long time as mentioned in this paper, and the notion that taxes can improve welfare outcomes by internalizing externalities traces back at least as far as Pigou (1938) and is a central tenet of environmental economics.
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Are Government Bonds Net Wealth

TL;DR: In this article, the authors consider the effects of different types of intergenerational transfer schemes on the stock of public debt in the context of an overlapping-generations model and show that finite lives will not be relevant to the capitalization of future tax liabilities so long as current generations are connected to future generations by a chain of operative inter-generational transfers.
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Panel data from time series of cross-sections

TL;DR: In this paper, the authors consider the possibility of tracking "cohorts" through household surveys, defined as a group with fixed membership, individuals of which can be identified as they show up in the surveys.