Measuring US Presidents’ Political Commitment for Fiscal Discipline Between 1920 and 2008
Francesc Pujol
- Iss: 9, pp 83-107
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In this article, the authors propose a theoretical method to catch politicians' fiscal attitude concerning deficits and debt based on the analysis of the political discourse, and describe the methodological steps used to obtain it.Abstract:
We propose a theoretical method to catch politicians' fiscal attitude concerning deficits and debt based on the analysis of the political discourse. We describe the methodological steps used to obtain it.read more
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References
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Economics of the Public Sector
TL;DR: In this paper, Stiglitz and Rosengard bring an unparalleled level of expertise to address the key issues of public-sector economics, such as what should be the role of government in society, how should it design its programs, and how tax systems should be designed to promote both efficiency and fairness.
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State Responses to Fiscal Crises: The Effects of Budgetary Institutions and Politics
TL;DR: In this paper, the dynamics of state taxes and spending during the late 1980s, when regional economic downturns and increased expenditure demands led to substantial state budget deficits, were explored, and more restrictive state fiscal institutions, such as "no-deficit-carryover" rules and tax and expenditure limitations, are correlated with more rapid fiscal adjustment to unexpected deficits.
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Divided Government, Fiscal Institutions, and Budget Deficits: Evidence from the States.
James E. Alt,Robert C. Lowry +1 more
TL;DR: This paper used a formal model of fiscal policy to guide empirical analysis of data covering the American states from 1968 to 1987, concluding that aggregate state budget totals are driven by different factors under Democrats and Republicans, the net result being that Democrats target spending and taxes to higher shares of state-level personal income.
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The Political Economy of Budget Deficits
Alberto Alesina,Roberto Perotti +1 more
TL;DR: A critical survey of the literature on politico-institutional determinants of the government budget can be found in this paper, where the authors discuss the tax smoothing model and conclude that this approach alone cannot provide complete answers to these questions.
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Fiscal adjustments in oecd countries: composition and macroeconomic effects
Alberto Alesina,Roberto Perotti +1 more
TL;DR: The authors studied how the composition of fiscal adjustments influenced their likelihood of "success" and their macroeconomic consequences, and found that fiscal adjustments that rely primarily on tax increases and cuts in public investment tend not to last and are contractionary.