Engineering Crises: Favoritism and Strategic Fiscal Indiscipline
If people understand that some macroeconomic policies are unsustainable, why would they vote for them in the .first place? We develop a political economy theory of the endogenous emergence of fiscal crises, based on the idea that the adjustment mechanism to a crisis favors some social groups, that m...
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|Database:||Hyper Article en Ligne (HAL) (Open Access)
Hyper Article en Ligne (HAL)
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