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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Bibliographic details
Main Author: Saint-Paul, Gilles
Ticchi, Davide
Vindigni, Andrea
Format: Paper
Language: English
Subjects:
Online Access: available in Bonn?
Database: HAL-SHS: Archive ouverte en Sciences de l'Homme et de la Société
HAL-SHS: Archive ouverte en Sciences de l'Homme et de la Société (Open Access)
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